7 Facts About U.S. Retirees You Don’t See on the News

It May Be Hard to Spend Your Savings

This seems pretty surprising, right? Who would have ever thought that spending money is difficult?

Well, just think about creating a mindset that helps you save money for decades. You have to spend each penny carefully, probably give up on those beautiful vacations and make other compromises too. Suddenly, you have to do almost the opposite!

“(Retirees) are going to feel like they spent a lifetime accumulating this pile, and the idea of spending this down is just repulsive to them. For anyone who is retiring, I would give them permission to spend their money.” – Alicia Munnell