Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > JPMorgan studied 5 million US retirees — and named 3 spending trends you need to factor into your plan
Economy

JPMorgan studied 5 million US retirees — and named 3 spending trends you need to factor into your plan

Last updated: May 14, 2025 4:05 pm
Share
JPMorgan studied 5 million US retirees — and named 3 spending trends you need to factor into your plan
SHARE

Retirement is a time that many people look forward to, but it can also bring with it a lot of financial worries. One of the biggest concerns for retirees is running out of money, especially with the rising cost of living and unexpected medical expenses as they age. However, a recent study by JPMorgan has shed some light on this issue and revealed some surprising findings that may ease retirees’ fears.

The study, which analyzed the spending patterns of five million retirees, found that some retirees may not need as much savings as they think to retire comfortably. This is due in part to the fact that inflation may not have as big of an impact on retirees as previously thought. While inflation has averaged 2.9% from 1982 to 2024, retirees tend to shift their spending habits as they age.

For example, retirees may spend more on healthcare as they get older but less on things like clothing, dining out, and transportation since they no longer have to commute to work. This means that higher costs in certain areas are offset by lower spending in others, leading to a gradual decline in overall living expenses over the course of retirement.

The study also found that there is a temporary surge in spending in the years leading up to and following retirement, particularly on healthcare, housing, food, and beverages. This is likely due to retirees moving to new locations or indulging in leisure activities they’ve always dreamed of.

To account for this temporary bump in spending, retirees should adjust their retirement plan accordingly. JPMorgan categorizes retirees into six different groups based on their spending patterns, ranging from those who spend consistently to those who see unpredictable fluctuations in their lifestyle.

See also  Michael Jackson Accusers Want $400 Million Over Alleged Abuse

Overall, the key takeaway from this study is that building a retirement plan based on general assumptions may not be the best approach. Instead, retirees should personalize their plan based on their individual circumstances, such as health, life goals, and personal relationships. Consulting with a professional financial planner to update the plan every few years can help ensure that it aligns with changing needs and circumstances.

In conclusion, while the fear of running out of money in retirement is common, this study by JPMorgan offers some reassurance that retirees may not need as much savings as they think. By understanding their spending patterns and adjusting their retirement plan accordingly, retirees can enjoy a comfortable and worry-free retirement.

TAGGED:factorJPMorganMillionNamedplanretireesspendingStudiedTrends
Share This Article
Twitter Email Copy Link Print
Previous Article Norovirus vaccine pill protects against winter vomiting bug Norovirus vaccine pill protects against winter vomiting bug
Next Article Playing with a loaded gun results in woman dead, man charged with manslaughter Playing with a loaded gun results in woman dead, man charged with manslaughter
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Meet the Finalists: VivaTech’s 5 Most Visionary Startups of 2025

VivaTech Innovation of the Year: Celebrating the Top 5 Finalists Narrowing down the 30 most…

June 7, 2025

Accel backs Indian AI startup building ‘ChatGPT for presentations’

Presentation.ai: Revolutionizing Presentation Decks with AI Presentations.ai, an innovative Indian startup, is changing the game…

February 3, 2025

Visa Pause Could Leave U.S. With Fewer New Doctors Amid Shortage

The United States is currently facing a growing physician shortage, with about a quarter of…

June 3, 2025

Design Process in Practice at Pratt Manhattan Gallery

Exploring the Design Process: A Look at "Process in Practice" Exhibition Process in Practice, the…

June 25, 2025

DEVELOPING: Chaos Erupts as ICE Agents Conduct Immigration Raids in Downtown Los Angeles – Protestors Throw Projectiles, Block Vans (VIDEO) |

ICE Raids Spark Protests in Downtown Los Angeles On Friday, Immigration and Customs Enforcement (ICE)…

June 6, 2025

You Might Also Like

Dan Ives’ AI ETF Hits B in Assets Just Five Months After Launch
Economy

Dan Ives’ AI ETF Hits $1B in Assets Just Five Months After Launch

October 31, 2025
Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?
Economy

Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?

October 31, 2025
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Economy

Alphabet hikes capex again after earnings beat on strong ad, cloud demand

October 31, 2025
What is a merchant bank?
Economy

What is a merchant bank?

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?