What do elderly people spend the most money on? A deep dive into senior finances
According to the U.S. Bureau of Labor Statistics, housing remains the largest annual expenditure for households headed by a person aged 65 and older. For those approaching or already in retirement, understanding the major costs is vital for long-term financial security and for answering the question, what do elderly people spend the most money on? This guide provides an authoritative look at the primary financial commitments seniors face.