Summary

The third Spending in Retirement study, fielded during the summer of 2024, surveyed approximately 3,600 American retirees between the ages of 62 and 75 years old to assess how their spending patterns and retirement well-being have changed since their retirement. This week’s wealth benefits Fast Fact reviews the subjective and objective knowledge of retirees. This gap between the two measurements can lead to poor decisions or missed opportunities, potentially resulting in lower retirement satisfaction. Identifying where participants fall on this spectrum can inform tailored education and communication strategies, which may ultimately improve retirement outcomes.