Reported 2 days ago
JPMorgan's study of 5 million US retirees reveals three key spending trends that challenge common fears about retirement finances. Firstly, they found that inflation impact may not be as severe as expected, with retirees typically spending less over time due to shifting priorities. Secondly, there can be a noticeable spike in spending in the years surrounding retirement, necessitating preparation for this transition. Lastly, not all retirees spend in the same way, highlighting the need for personalized retirement plans. These insights urge retirees to adopt tailored financial strategies to ensure comfortable living during retirement.
Source: YAHOO