Talking Points: July 20,2020

July 20, 2020

A 70-year-old Seattle man who spent 62 days in the hospital recovering from Covid-19, received a 181-page bill for $1.12 million. Roughly a quarter of the bill was for drug costs. The Seattle Times, June 13, 2020

In a survey, 53% of respondents said their goal is to live to 100. In the same survey, the majority of respondents said they fear running out of money more than death itself. Barron’s, April 15, 2019

A government study found that to maintain their lifestyles, 49% of retirees run out of money within five years. The Motley Fool, June 5, 2020

“Nostalgia is memory minus complexity.” Janice Turner

The average U.S. grocery store stocks about 33,000 different items, nearly four times as many as it did in 1975. That includes 400 different types of Campbell’s Soup and 40 different varieties of toilet paper. The Wall Street Journal, June 27, 2020

In the first half of 2020, more than 3,600 companies filed for bankruptcy. Just over 600 filed in June alone. Axios, July 10, 2020

“All money is a matter of belief.” Adam Smith

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