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.
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See how you stack up against the average American household on monthly expenses. Are you on track with your spending or shelling out more than your peers?

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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The Monthly Expenses for Gen X in Every State — and What They Spend the Most On

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 ...
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Average Monthly Expenses by Age: Which Group Is Spending the Most?

Here is a breakdown of how much each age group spends on average and some reasons for it, with information sourced from Bureau of Labor Statistics, and reported from InCharge Debt Solutions. Americans ...
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Unexpected Budget Gaps Challenge Retirees—How Do Your Monthly Expenses Compare?

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 ...