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The amount isn’t too far removed from the spending of the average U.S. household. Rocketclips, Inc. / Shutterstock.com
How much does it cost to get by in retirement? Not a whole lot less than it does before retirement. U.S. households led by someone who is 65 or older spend $57,818 a year, on average. That’s according to federal data on consumer spending for the latest calendar year available, which is 2022. By comparison, the average across all households is $72,967. So, where is all that money going every golden…
