BALTIMORE, Sept. 12, 2023 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today published a new white paper analyzing data about spending increases and decreases in retirement years. According to T. Rowe Price's analysis, for households with less than $150,000 in annual income, spending volatility is largely driven by nondiscretionary expenses[1]. Specifically, the paper finds that among them, home-related expenses are the largest contributor to spending volatility during retirement, and they are five times more likely to drive spending volatility than health-related expenses. Home-related expenses accounted for 25.1% of the variance in spending, while health-care expenses accounted for 5.3%.[2]
Read more at prnewswire.comT. ROWE PRICE: HOME EXPENSES FIVE TIMES MORE LIKELY THAN HEALTH-CARE EXPENSES TO DRIVE SPENDING VOLATILITY IN RETIREMENT
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