From Yahoo Finance: 2025-05-30 19:37:00

According to the U.S. Department of Health and Human Services, 57% of Americans will require long-term care at some point, with costs exceeding $100,000. Most households underestimate these expenses and are unprepared to cover them out of pocket. On average, families pay 37% of long-term care costs themselves, leaving many wondering where the rest will come from. Medicare only covers certain aspects of care, and Medicaid eligibility is limited to those with low incomes. Experts advise planning ahead to avoid financial strain from unpredictable long-term care costs. Start planning now to ensure future financial security. 1. The stock market surged today as the Dow Jones Industrial Average reached a new record high of 35,000 points. This marks the fifth consecutive day of gains for the market, driven by strong earnings reports from major tech companies.

2. In international news, tensions are escalating between Russia and Ukraine as Russian troops continue to amass along the border. The US and NATO have expressed concerns about a potential invasion and have called on Russia to de-escalate the situation.

3. On the economic front, inflation rose by 0.9% in July, exceeding expectations and raising concerns about the impact on consumer prices. The increase was driven by higher prices for food, energy, and housing, prompting fears of a potential spike in inflation in the coming months.

4. In health news, a new study has found that the Pfizer-BioNTech COVID-19 vaccine is 88% effective at preventing symptomatic infection from the Delta variant. The study also showed that the vaccine provides strong protection against severe illness and hospitalization.

5. Finally, in entertainment news, Netflix announced a new partnership with renowned filmmaker Steven Spielberg to produce multiple new films for the streaming platform. The collaboration is expected to bring exciting new content to Netflix subscribers in the coming years.



Read more at Yahoo Finance: ‘It’s A Huge Problem,’ Experts Urge Gen Xers And Millennials To Plan For Long-Term Care