Expenditure Patterns of Older Americans, 2001-2009
A detailed look confirms that older Americans (50 or above) spend less in retirement, and that home-related expenses remain the top spending category. But health costs are the second-biggest expense for older Americans, and data show that demographic sub-groups such as singles, blacks, and high school dropouts are outspending their resources in retirement, according to a new report by the nonpartisan Employee Benefit Research Institute (EBRI).