Reported 1 day ago
A recent report indicates that household spending in America has surged by 25%, challenging the assumption that retirees will spend less during retirement. Many retirees face significant fluctuations in their annual expenses, primarily due to unpredictable healthcare costs and lifestyle choices, which can strain their finances. It's advisable for retirees to prepare for unexpected expenses with emergency savings and to consider stable income sources like annuities to safeguard their financial future.
Source: YAHOO