Tag: shopping

retired couple on a boat

Previous research has shown that spending drops immediately at the moment the paychecks stop, and a few studies have found that households, once retired, reduce their consumption over time. But a new study that also takes the long view suggests that the spending decline is not what retirees want to do but what is necessitated…

older couple with advisor discussing finances

Florida Retired Germans spend more days outdoors than retirees in this country. But when older Americans leave the house, they stay out longer. What makes the difference? The car. Americans love their automobiles and overwhelmingly rely on them, according to a new study by MIT’s AgeLab. If they’re going grocery shopping, they might as w…