My wife and I I spend a LOT like many of my retired friends. The Kids have their own good jobs, no student loans, and instead of Occupying Wall Street they occupy their own houses, work, and contribute to my SS payments . We thank them for working .
$$ comes from savings,pension and SS. What a great idea! We made great DECISIONS in life( planned ahead ) and are reaping the rewards. Thing is, I still get taxed to the hilt even retired because of LESS deductions.
We spend a LOT more because now we can afford to buy and do what we couldn’t afford to do while working and raising two children.
Don’t have to save it for anything ( we invest in lead , and firearms instead of gold in case of a SHTF moment.
Good to hear! But you are not the norm.
All the data I have seen shows that most retired people spend a lot at first, then in a few years spending goes down to below what they were paying out (in total) during their earlier years.
They have most disposable cash, but less month to month outlay.