The age of a retiree could be correlated with how much they spend — and nearly half of retirees say that they retired earlier than expected.
A new piece from Go Banking Rates with statistics from the Bureau of Labor Statistics (BLS) shows a difference in the expenses of younger and older retirees and reveals the average income of those who reach retirement age.
BLS data showed that younger retirees between 65 and 74 years of age had more expenses on average, at $4,870 per month than those 75 years or older, who averaged about $1,000 less at $3,813 per month.
The overall average for expenses among retirees was $4,345 per
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