Retirees of All Income Levels Reduce Spending Over Time, per Study
Prudential’s David Blanchett argued that retirees’ decreased spending is mostly due to choice, rather than financial hardship.
Tag: retirement spending
Most Savers Lack Clear Plan for Retirement Spending, per Corebridge
Pre-retirees will need to save six-figure sums to make up for gaps caused by cut Social Security benefits.
Research Finds Slowdown in Spending During Retirement
Spending for the average retiree gradually declines by more than 30% between ages 60 and 85, according to a new...
Analysis of American Workers Shows Retirement Plan Type Influences Spending Habits
A study of government employees reported that those with defined benefit retirement plans typically spend a higher percentage of their...
Household Spending Decreases with Age
Housing is the biggest spending category for every age group, according to EBRI’s findings.
EBRI Study Reveals Costs That Could Create Income Deficit in Retirement
While a new study by the Employee Benefit Research Institute (EBRI) finds the majority of people spend less than 100% of their retirement income, it also shows factors...