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How expenses will change when you retire

Your expenses will change when you retire--but can you plan for that? A GAO study tells more.

By Marlene Y. Satter | Updated on March 11, 2016
Photo: AP

You may have a budget all figured out that’s worked fine for years, but if you’re planning on retiring, you might want to consider how your spending will change once you’re out of the workplace.

While a Government Accountability Office analysis of 2013 data from the Bureau of Labor Statistics has found that retirees cut their spending once they leave the job, that doesn’t mean that what they spend their money on remains a constant.

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