An "average" older (65+) household spends most of its money on

Name: An "average" older (65+) household spends most of its money on
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Question

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According to data from the Bureau of Labor Statistics, housing is the largest expense for households headed by individuals 65 and older, accounting for almost one-third of their total spending. Medical care is the next largest expense, followed by food and transportation. Entertainment makes up a smaller portion of their budget.

An "Average" Older (65+) Household Spends Most of Its Money