Research Paper

Tuesday, 16 August 2016

Expenditure patterns in retirement

This research, which examines spending patterns of Australians, finds that the expenditure of most retirees is modest, regardless of their level of income. The research – commissioned by AIST and conducted by the Monash Business School’s Australian Centre of Financial Studies (ACFS) – finds that 80 percent of retirement households reported expenditure levels considered to be the most basic standard of living for retirees. The research is based on data from the 2014 Household, Income and Labour Dynamics (HILDA) survey, and compares the data over a twelve year period.