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Most retirees live on 70-80% of their pre-retirement income. And many do set aside a good portion for travel. But what do retirees generally spend the most on? ➡️ Housing. According to BLS data, housing costs make up about one-third of the average retiree’s spending. That includes: 🏡 Mortgage or rent payments 🔌 Utilities, property taxes, and insurance 🛠️ Home maintenance and repairs 🏘️ HOA fees (for some) While many retirees aim to pay off their mortgage before retirement, not everyone does—
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Most retirees live on 70-80% of their pre-retirement income. And many do set aside a good portion for travel. But what do retirees generally spend the most on? ➡️ Housing. According to BLS data, housing costs make up about one-third of the average retiree’s spending. That includes: 🏡 Mortgage or rent payments 🔌 Utilities, property taxes, and insurance 🛠️ Home maintenance and repairs 🏘️ HOA fees (for some) While many retirees aim to pay off their mortgage before retirement, not everyone does—
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