Seeing where you stand compared to the average American household can help you gauge whether you need to rein in your spending or you’re doing just fine. According to the Bureau of Labor Statistics, ...
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Curious About Retirement Spending? Here’s What The Average Monthly Expenses Are For Retirees
In 2023, the average retiree age 65 or older spent just over $5,000 per month. The largest portion of that went toward housing. See how your spending compares.
Average monthly cost of expenditures for Gen X: $6,804 Average monthly mortgage payment for Gen X: $5,362 Total annual cost of living for Gen X: $145,989 Methodology: For this study, GOBankingRates ...
David Gorton, CPA, has 5+ years of professional experience in accounting. He teaches accounting, helping promote financial education and awareness. MoMo Productions / Getty Images The average retired ...
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