Average annual spending among U.S. households is $97,319 for 45- to 54-year-olds, according to the U.S. Bureau of Labor Statistics, but that amount drops significantly with each passing decade. By ages 65 to 75, boomer households spend just over $65,000 a year. How they spend also changes.
Find Out: What $1 Million in Retirement Savings Looks Like in Monthly Spending
