retirement.org.nz

A study was undertaken in the first half of 2009 to provide an insight into the spending patterns of retired people in New Zealand.

The aim of the study is to help younger people see what they may need to save to support themselves in retirement. The study used data from the Household Expenditure Survey (HES) to develop “model” budgets for single and partnered retirees. A range of focus groups was held with retired people to discuss their spending patterns. From this material, case studies were constructed to illustrate the spending patterns of retired people on varying levels of income, partnered and single, home owners and tenants.

Dr Davey discussed the findings of her work at a presentation in Wellington, chaired by the Retirement Commissioner, on 27 November 2009.

• Expenditure in Retirement (137 kb).

Attachment
Expenditure in Retirement final.pdf