{"id":125953,"date":"2025-09-07T17:24:07","date_gmt":"2025-09-07T17:24:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/125953\/"},"modified":"2025-09-07T17:24:07","modified_gmt":"2025-09-07T17:24:07","slug":"10-things-that-should-be-in-the-budget-of-every-middle-class-retiree-at-age-70","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/125953\/","title":{"rendered":"10 Things That Should Be in the Budget of Every Middle-Class Retiree at Age 70"},"content":{"rendered":"<p>Retirees tend to live off a fixed income that\u2019s a mix of Social Security benefits, pensions and various <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/fastest-ways-to-save-for-retirement\/\" rel=\"nofollow noopener\" data-is-dynamic-hyperlink=\"false\" data-link-type=\"first-link\" data-link-position=\"1\" target=\"_blank\">retirement savings accounts<\/a>. As a result, budgeting is crucial for a fixed income, both to ensure a retiree doesn\u2019t overspend beyond their means but also to provide a safe and enjoyable retirement after years of hard work.<\/p>\n<p>Check Out: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/how-long-2-million-will-last-in-retirement-in-every-state\/\" data-is-dynamic-hyperlink=\"false\" data-link-position=\"2\" data-link-type=\"incontent_link\" rel=\"nofollow noopener\" target=\"_blank\">How Long $2 Million in Retirement Will Last in Every State<\/a><\/p>\n<p>A helpful means of approaching and understanding a middle-class retirement budget is to break down expenditures and know what your income is going towards. Per the U.S. Bureau of Labor Statistics\u2019 <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/how-much-average-middle-class-retiree-spends-monthly-at-age-70\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-is-dynamic-hyperlink=\"false\" data-link-position=\"3\" data-link-type=\"incontent_link\">Consumer Expenditure Surveys<\/a> (CE), an average retiree\u2019s household spends approximately $5,400 monthly (that\u2019s around $65,000 per year). Knowing just how and where to spend that monthly allowance goes a long way toward a successful retirement.<\/p>\n<p>GOBankingRates has culled the 10 things <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/how-much-average-middle-class-retiree-spends-monthly-at-age-70\/\" rel=\"nofollow noopener\" data-is-dynamic-hyperlink=\"false\" data-link-type=\"money-link\" data-link-position=\"4\" target=\"_blank\">every middle-class retiree should budget for after turning 70<\/a> so as get the most from their retirement without risking overspending.<\/p>\n","protected":false},"excerpt":{"rendered":"Retirees tend to live off a fixed income that\u2019s a mix of Social Security benefits, pensions and various&hellip;\n","protected":false},"author":2,"featured_media":125954,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,9549,184,185,13558,1793,6541,12973,5939],"class_list":{"0":"post-125953","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-gobankingrates","13":"tag-personal-finance","14":"tag-personalfinance","15":"tag-planning","16":"tag-retirement","17":"tag-retirement-planning","18":"tag-saving","19":"tag-spending"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/125953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=125953"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/125953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/125954"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=125953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=125953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=125953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}