The Truth About Why Spending Drops in Retirement

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The Truth About Why Spending Drops in Retirement

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And the next question would be well why why do people tend to spend less When you look at that consumer expenditure survey maybe those people are spending less later in retirement because they don't have money to spend because their nest egg is gone Well that argument really doesn't hold weight because the fraction of people satisfied with their economic situation is considerably higher at older ages than at ages near retirement So again as people age they're more comfortable with their financial situation which would be all the more reason why they should spend more if they had the level of activity that they had in their younger years.#investing #shorts #retirement #retirementplanning #financialeducation

DISCLAIMER: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop.

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