2. Clothing
During your golden years, your retirement expenses will decrease as you won’t buy as many clothes and shoes as you used to. Once you finally retire, you won’t have to spend money on work-related attire. And you won’t have to keep up with fashion trends unless you’ll want to. Not only will your wardrobe become more modest, but you’ll notice some differences in your bank account too.
According to the Bureau of Labor Statistics data, retired households spend about $821 yearly on clothing and related services, such as alterations and dry cleaning, while working households spent an average of $1,434 yearly.
If you do the math, you’ll realize that the numbers are bad.
2 thoughts on “10 Retirement Expenses You Don’t Have To Worry About”
With the foo\ssil Biden in the white house you would be a fool to drink the koolaid and believe that any left coast city is a good place to retire. The only sane place to retire is florida under the competent leadership of ron desantis
none of these were new or useful as i have learned to live with retirement and how to save on most every thing.