Expenditure Patterns of Older Americans, 2001-2009

Source: Sudipto Banerjee, Employee Benefit Research Institute, EBRI Issue Brief #957, February, 2012

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).
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