Enjoying Retirement Despite the Costs
February 24, 2025
In a 2024 survey, about half of retirees said that retirement costs were higher than they expected, but a large majority were enjoying the lifestyle they imagined (at least to some degree) and spending what they wanted within reason. Less than a third were holding back on spending to leave an inheritance.
Able to spend money how I want within reason
30% Strongly agree
48% Somewhat agree
12% Strongly disagree
10% Somewhat disagree
Having the retirement lifestyle I envisioned
24% Strongly agree
43% Somewhat agree
14% Strongly disagree
18% Somewhat disagree
Spend less than I could because I want to leave an inheritance
7% Strongly agree
24% Somewhat agree
29% Strongly disagree
39% Somewhat disagree
Source: Employee Benefit Research Institute, 2024 (Totals may not add up to 100% due to rounding.)
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