Tag: vacation
![retired couple on a boat](https://crr.bc.edu/wp-content/uploads/2022/04/Couple-on-boat.png)
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…