Research from Corebridge Financial shows that retirees tend to spend the most during the first few years of retirement. Often dubbed the “go-go years,” this generally correlates to retirees between the ages of 65 and 74. As 69-year-olds are smack dab in the middle of this range, it’s fair to assume that spending for retirees of all income levels at this age is just about at its peak.
The Bureau of Labor Statistics (BLS) reports the real-world spending averages for various age groups across America in its Consumer Expenditure Survey (CES). While it doesn’t specifically list the spending of upper-class 69-year-old retirees, valid approximations can be inferred from the data the CES does publish.
