Middle-class and upper-class retirees spend $59,599-$106,150 annually

4 articles · Updated · GOBankingRates · Apr 29

Latest Bureau of Labor Statistics data shows middle-class retirees spend $59,599-$71,506 yearly, while upper-class retirees spend $106,150, with housing as the largest expense for both groups.
Upper-class retirees spend about $35,000 more annually, particularly on housing, healthcare, transportation, and food, including dining out and travel, compared to their middle-class counterparts.
Healthcare costs rise with income, and upper-class retirees allocate more to discretionary spending. These spending patterns reflect lifestyle choices and highlight the impact of income on retirement living standards.

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Your retirement could cost $65,000 a year for assisted living. Are you prepared?

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