"Households run by people 65 or older tend to spend about $3,800 a month,
according to the Bureau of Labor Statistics. Here is a look at how that
spending breaks down into categories, such as housing, transportation
and health care." Will you be able to live on $45,756 per year $45,756 per year? Read the article by
Dayana Yochim based on the Bureau of Labor Statistics data on the NerdWallet website:
https://www.nerdwallet.com/article/lets-get-real-what-an-average-retirement-costs
Let’s Get Real: What an Average Retirement Costs
Here’s a monthly breakdown of how
households headed by a retirement-age person spend money, on average,
in seven major categories:
Housing: $1,322
Transportation: $567
Health care: $499
Food: $483
Personal insurance/pensions: $237
Cash contributions: $202
Entertainment: $197