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Defined Benefit Specialist II or III Nova 401(k) Associates
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Health and Wealth Drive Retirees' Spending
Squared Away Blog, Center for Retirement Research [CRR] at Boston College
Apr. 28, 2022 "Previous research has shown that spending drops immediately at the moment the paychecks stop, and a few studies have found that households, once retired, reduce their consumption over time. But a new study that also takes the long view suggests that the spending decline is not what retirees want to do but what is necessitated by their financial and health constraints." |
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