|6 Ways Spending Changes in Retirement
|Year of Publication
|U.S. News & World Report
|Net Worth and Assets, Retirement Planning and Satisfaction
Most people spend less money in retirement than they did while they were working. Retired households spend a median of $31,365 annually, which is about 80% of the $39,945 working households spend, according to a recent Employee Benefit Research Institute analysis of Health and Retirement Study data. Six major ways costs change in retirement are presented.
Money/Household wealth/Retirement planning