Retirees tend to spend less money the older that they get, on average. This is according to data from the U.S. Bureau of Labor Statistics (BLS), which regularly provides data on the income and spending of Americans across various age groups.
Although the governmental agency doesn’t break out average spending specifically at age 80, it does provide aggregate data for the age group of 75 and above. Using that information as a baseline, here’s a look at how much the average middle-class retiree spends monthly at age 80.
