Tuesday, September 28, 2021

Here’s How Much Retiree Households Spend in a Year

Retiree reviewing financial documents in his kitchen
Monkey Business Images / Shutterstock.com

How much does it cost to get by in retirement? Not a whole lot less than it did before retirement. U.S. households led by someone who is 65 or older spend a $47,579 a year, on average. That’s according to the latest federal data on consumer spending, which is for 2020. By comparison, the average across all households is $61,334. So, where is all that money going every golden year?



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