Where does the money go? Housing and health care
It comes as no surprise that spending patterns change after people retire from full-time work. As the author of a new report records, before retirement, workers in the US pay Social Security taxes, incur work-related expenses, and set aside money for retirement. After retirement, most people have different financial obligations, and, as a result, retirees may be able to maintain their level of preretirement well-being with very different income levels.
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