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| The Retirement Consumption Conundrum: Evidence from a Consumption Survey Center for Retirement Research at Boston College  Dec. 16, 2005 "The retirement consumption puzzle does not tell the whole story on the well-being of the elderly. While we find that consumption-expenditures decrease by about 2.5 percent when individuals retire, expenditures continue to decline at about a rate of 1 percent per year after that." |
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