Average Retirees Bring in $5,455 a Month, but Spend Nearly All of It— Here’s How To Avoid the Same Fate ...Saudi Arabia

So, where's all that money going? It may not be where you think, according to the survey. Keep reading to learn more, and find out how you can start planning now so that you don't end up in the same situation when you're ready to retire.

The BLS Survey is an annual report that puts together U.S. income and expenses, showing how much people are spending vs. how much they are earning. According to the 2025 report, those over 65 earn about $65,468 a year, or about $5,455 a month.

Related: New Report Sounds the Alarm About the 'Catastrophic' Effects of Social Security Cuts

What Are Retirees Spending Their Money On

Next up is healthcare and transportation, which both take healthy chunks out of that monthly budget as well, creating the following breakdown:

Housing is $1,849 a monthTransportation is $795 a monthHealthcare is $650 a monthFood is $662 a month

How to Spend Less in Retirement

So, the obvious next question is how you can cut back on spending on those essentials to ensure you have more left over each month? There are a few things retirees can do to move the needle. The first would be to cut those housing costs if you can. That may mean moving to an area with lower taxes, or downsizing to a smaller house where your utilities may be less expensive.

Now, a lot of this may sound easier said than done, especially if you live somewhere where your expenses are actually higher than the average. That's why many retirees can benefit from working with a financial advisor who can take a look at your income and spending to figure out how you can create a bigger cushion at the end of each month...not just so that you can save up for things like vacations or splurge on a night out, but so that you can continue to put money aside for emergencies or in the event that a big expense pops up.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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