{
  "id": 2951032,
  "title": "Monthly Spending Breakdown for Retirees 65 and Older: Housing, Food, Transportation, Healthcare",
  "url": "https://urgent.news/2026/08/22/monthly-spending-breakdown-for-retirees-65-and-older-housing-food",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T18:05:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/healthcare/articles/monthly-spending-breakdown-retirees-65-180500017.html"
  },
  "original_language": "en",
  "account": "Retirees aged 65 and older spent an average of $5,100 per month, or $61,000 annually, according to federal data. Housing was the largest expense category, followed closely by transportation, food, and healthcare. Budgets also accounted for entertainment, travel, hobbies, pets, and other lifestyle costs. This breakdown, based on 2024 federal data, can help individuals plan for retirement savings and spending to maintain their desired lifestyle.\n\nThe primary spending categories were housing, food, transportation, and healthcare. Housing accounted for 36% of annual expenses, costing $22,193 per year, or $1,849.42 monthly. Transportation expenses surpassed food costs, totaling $9,538 annually or $795 monthly. Food expenses, including both home-cooked and restaurant meals, amounted to $7,940 per year, or $662 monthly. Healthcare expenses, which typically exceed those of younger adults, totaled $7,799 annually or $649.92 monthly. The largest medical expenditure was health insurance premiums.\n\nEntertainment, including movies, pet care, camping, exercise equipment, and sporting events, amounted to $3,025 annually or $252.08 monthly. Additional costs included tobacco products and educational expenses. Other notable spending categories were cash contributions, such as alimony, child support, educational support, and charitable donations, totaling $3,158 annually or $263.17 monthly. Personal insurance or pensions, encompassing life insurance but excluding car, health, and home insurance, totaled $3,480 annually or $290 monthly. In 2024, the average American aged 65 or older spent just over $5,000 per month in retirement. Housing remained the largest expenditure, followed by transportation, healthcare, and food, with the remaining funds allocated to entertainment, other lifestyle expenses, and financial contributions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}