|
what or where do retired folks spend their money?
The Ca housing thread has me thinking. After retirement, what's the major expense? Sure, CA's (big cities) standard living is higher then most in the nation, but what or where do you spend that money that makes is not affordable to live in a large city like LA or parts of Nor or Socal? CraigT mentioned higher tax and fuel, but how much money are your folks spending? A new car every few years? You are no longer driving to work daily, so fuel cost goes way down. Lets say home is paid off, and kids are outta of college, so what else? Travel? Food is about the same every where. Restaurants are a little different, but I bet not by much. If you retired from Kansas or Dakota and move to LA for retirement, then sure, it isn't affordable because housing along will wipe you out.
|