Reported about 23 hours ago
ChatGPT provides insights into the expected monthly spending for middle-class retirees aged 75, estimating annual expenses to be around $64,184 in 2025. The breakdown of costs includes significant allocations to housing, healthcare, and transportation, with housing being the largest expense even in mortgage-free households. While these projections are informed by Federal Reserve and Bureau of Labor Statistics data, variations may occur due to inflation and other factors.
Source: YAHOO