Hmm ... do we really spend less after retirement if based on per headcount instead of using total household expenses for married couples with children?
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1 hour ago
Hi Uncle8888,
ReplyDeleteFor most people, the biggest drop in expenses after retirement will be mortgage.
But for people like us who have already long ago paid-up our residential property, then per capita expenses in retirement won't really see a big drop compared to the years just before retirement.
Another point which is quite common sense is that the 1st 5-10 years of retirement will in fact see BIGGER per capita expenses.
Why?
Coz now got time & money to enjoy mah! Longer-distance holidays, nicer hotels, splurge at higher end restaurants & spas. Usually after 5 or 10 yrs of this then will be sian of it liao. Yours just got interrupted by Covid. ;)