What Retirees Spent the Most Money On in 2025 and Tips to Prevent It in 2026

Retirement Budgeting Challenges: New retirees often struggle with budgeting for a lifestyle they haven't experienced before, leading to overspending, particularly on healthcare and subscriptions.

Healthcare Costs and Medicare: Many retirees underestimate healthcare expenses; experts recommend utilizing the annual Medicare enrollment period to select the best plan, potentially saving over $1,800.

Managing Discretionary Spending: It's advised that retirees maintain separate budgets for essential and discretionary expenses, and regularly audit subscriptions to avoid unnecessary costs.

Scams Targeting Retirees: Retirees are vulnerable to scams that can deplete their savings; seeking advice from trusted financial advisors before making significant investments is crucial for protection.