Spending through Retirement

Published: 9 October 2019

The Prudential reported in their Retirement Journeys document that retirement does not lead to more holidays, while those at older ages spend more time alone. “Time at home alone increases by age, while time spent with family and friends falls. By age 90+ watching television and spending time at home alone are the most common daily activities.”
“The age group 70-74 appears to be a tipping point. From this age, the average amount of time spent at home alone increases markedly, while the time spent with family and/or friends falls. With the exception of early retirement, retirement does not lead to more holidays or other leisure activities. Nor does retirement lead to a sudden splurge in eating out.”