Part 5/10:
Questions about retirement amounts bring forward another crucial aspect—how much individuals actually spend in retirement once they stop working. Data from a report by BlackRock indicates a surprisingly conservative spending pattern among retirees. More than 50% of individuals who retired have maintained a significant portion of their initial retirement assets after 18 years. Many retirees face a tragic irony: they think they need to save excessively but often don’t spend as much as expected during retirement.