General Senior Living
Top Living Expenses Seniors Underestimate After Retirement
10,000 baby boomers reach the age of retirement every single day in the U.S. A recent study done by LIMRA Secure Retirement Institute found that over 25% of retired seniors underestimated what their basic living expenses were going to cost. Over 30% of newly retired Americans feel they wonâ€™t be able to live the retired baby boomer lifestyle they once dreamed of and spent their entire working career saving for.
Other expenses that retirees found to be higher than they expected was long term care and healthcare costs.