Reported 2 days ago
A recent study reveals that retirees in the U.S. are hesitant to dip into their savings, preferring to spend income from Social Security and pensions instead. Researchers David Blanchett and Michael Finke found that retirees typically withdraw only a fraction of their available savings, highlighting a behavioral issue in retirement spending. The trend raises concerns about retirees' financial planning, as behavioral factors influence their comfort with spending and the long-term sustainability of their retirement income.
Source: YAHOO