Retirement Spending Rises Post-Retirement
This is a news story, published by Yahoo Finance, that relates primarily to J.P. Morgan Asset Management news.
personal finance & financial education news
For more personal finance & financial education news, you can click here:
more personal finance & financial education newsYahoo Finance news
For more news from Yahoo Finance, you can click here:
more news from Yahoo FinanceAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like personal finance & financial education news, you might also like this article about
retirement costs. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest yearly retirement costs news, retirement readiness news, personal finance & financial education news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
retirees budgetMoneywise
•Business
Business & Economics
Household spending has spiked 25% in America — putting retirees at risk of this 1 common ‘spending shock’
73% Informative
A recent report by J.P. Morgan Asset Management found that Americans ’ monthly spending increased 25% in the past year .
Spending tends to fluctuate more than 20% per year for the majority of retirees.
52% of retirees between ages 75 and 80 experience spending volatility from one year to the next.
The report recommends retirees set aside three to six months of income.
Only 47% of working Americans ages 50 to 75 believe they'll be able to cover their basic living expenses in retirement with guaranteed income.
An annuity could help bridge that gap.
Another way to set yourself up for more financial stability in retirement is to delay your Social Security claim past full retirement age.
VR Score
65
Informative language
58
Neutral language
41
Article tone
informal
Language
English
Language complexity
42
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
14
Source diversity
4
Affiliate links
no affiliate links
Small business owner?