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Robert Harsha, CFP®
Financial Advisor
Yellowstone Financial Services
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Spending Higher Than Expected for More Retirees in 2022

Considering high inflation, it's not surprising that the percentage of retirees who said their spending was higher than expected increased in 2022 over 2021. These surveys were conducted in January of each year, so with inflation continuing to run high, it's likely that even more retirees may be experiencing unexpected spending.

Source: Employee Benefit Research Institute, 2022