The average retiree spends $4,345 on monthly expenses — and burns 75% of that on these 4 things. How does your own spending stack up?

Bureau of Labor Statistics data discloses that individuals aged 65 and up earn an average pre-tax income of $55,335 annually, spending $52,141 yearly. With an average retirement savings of $200,000 for those aged 65-69, according to Federal Reserve analysis, the potential need for continued work due to high expenses becomes apparent.

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Source Article: https://moneywise.com/managing-money/budgeting/retirees-burn-75-spending-on-4-categories

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