Which one of the following expenditures for retirees is likely to increase?

Name: Which one of the following expenditures for retirees is likely to increase?
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Question

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As retirees age, their need for healthcare services increases, which means medical expenses are likely to increase as well. Clothing expenses may remain the same, federal and provincial income taxes may vary based on individual circumstances, and work-related expenses are likely to decrease as retirees are no longer working.

Which One of the Following Expenditures for Retirees Is Likely