The majority (62%) of America’s middle-income cancer survivors say they were not financially prepared for cancer diagnosis and treatment, according to a new study released by the Washington National Institute for Wellness Solutions (IWS).

The study – Insights from Survivors: Managing the Personal, Emotional and Financial Impact of Cancer – surveyed 400 Americans who were 25 to 65 at the time of diagnosis and had received radiation or chemotherapy in the past 10 years.  Two-thirds of respondents (65%), all with an annual household income between $35,000 and $100,000, did not have sufficient household income to cover treatment-related expenses and incurred debt.  After treatment:

30% reported debt of $10,000 or more

15% reported debt of $20,000 or more

11% of those younger than 50, or who were diagnosed with Stage III or IV cancer, incurred more than $40,000 in debt

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