31 Weird Things About Retiring You Probably Didn’t Know

Retirees Have Spending Money

Retirees are getting richer. According to the Federal Reserve’s 2016 Survey of Consumer Finance, the average net worth for people age 55 to 64 is over $187,000. For people age 65 to 74, that figure increases to over $223,000, and for people age 75, their average net worth is almost $265,000.