US Retirees Spend Over Half Their Income on Housing and Transportation
According to the Federal Reserve's 2024 Consumer Expenditure Survey, US retirees spent an average of $59,616 annually in 2024. The largest portion—37% or $22,079—was allocated to housing, followed by transportation expenses. Together, these two categories accounted for 52.5% of total spending.
Topics: consumer behavior housing costs retirement transportation expenses