Retirement Spending: A Deep Dive into 65+ Americans' Budget
Update: 2025-12-17
Description
Americans aged sixty-five and older spent an average of $60,000 annually in 2023, with housing, transportation, healthcare, and food being the largest expenses. Housing costs averaged $1,800 per month, followed by transportation at $750, healthcare at $668, and food at $642. Entertainment, including activities like attending shows and pet care, accounted for $241 per month. These figures provide a useful benchmark for retirement planning.
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