A recent study has shown that most Australian retirees spend a similar amount from their household income, regardless of their income and wealth (link).  (Above graphic from p.17 of report). The research showed that '80 per cent of retired households reported expenditure levels considered to be the most basic standard living for retirees ($23,797 for singles, $43,226 for couples)' and that 'that contrary to conventional wisdom, expenditure did not appear to decline throughout the period of retirement – i.e. it is relatively constant'. What this research points to is that high-income earning households spend about the same as low-income households, thus saving a considerable amount more … [Read more...] about Pensioners’ spending on physiotherapy