Most folks assume they'll spend less in retirement but the truth catches many off guard The average retired household spends about per month covering housing healthcare food transportation and plenty of other things This number It's often way higher than people expect when they're just starting to plan for their golden years https youtu be N qD PPLX w feature shared Understanding what retirees really spend their money on helps people prepare a bit more realistically Housing is still the biggest line item and healthcare costs just keep climbing as you get older Many retirees run into surprise expenses they never considered while working It's not just about groceries and the electric bill Instead of guessing planning for retirement spending means looking at actual numbers People who estimate their monthly expenses tend to feel more secure about their future finances Key Takeaways Retirees generally spend around per month on basic and discretionary stuff Housing costs eat up the biggest share for most people in retirement Building a detailed retirement budget helps avoid financial curveballs How Much Do Retirees Actually Spend Recent data shows retired households spend around monthly Bureau of Labor Statistics research says people and older spent in Spending patterns swing a lot depending on income and health Some folks are frugal others not so much Recent Data on Average Retirement Spending The Bureau of Labor Statistics tracks consumer spending with annual surveys Their data shows older households spend an average of per year That shakes out to about... Login to read full