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💵 Today’s Top Stories
Home insurance companies don’t like you very much. They’re not warm and fuzzy. But if you jump through some hoops to benefit them, they’ll benefit you (and your wallet) in return, Clark explains. Read more.
Team Clark tested this free browser extension that automatically filters Amazon search results based on brand legitimacy and shipping location. Here’s why we’ll keep using this tool going forward. Read more.
Venmo will tell the world how you’re spending every dollar if you let it. Here’s exactly what to do to make sure you’re keeping transactions private. Read more.
Job scams are trending with fake postings designed to steal your personal info and take your money. Here’s how to spot the real from the fake when looking at job openings. Read more.
💵 Average U.S. Household Spending for Ages 55+
Whether you’re nearing retirement or already retired, you’re probably putting your spending under a microscope.
Once you’re no longer working, you’re on some level of fixed income, presumably from Social Security (and pension checks if you’re really lucky) and selling off a portion of your investments.
So how does your spending compare to your peers? Or, if you’re younger than 55, what can you learn about the spending pattern of those older than you that could help you plan?
Here’s the average total spending by age, although the study breaks it down per category:
55-64: $64,767 per year
65-74: $54,440 per year
75+: $47,770 per year
Interestingly, five of the six categories declined in each older age group.
Transportation saw the biggest drop (from $15,085 per year at 55-64 to $6,855 at 75+). Apparel and services expenditures also get cut by more than half by 75+. Food, housing and entertainment show more modest but measurable declines.
If lifestyle creep is an issue for you, perhaps aging will finally help you corral it, assuming you follow the well-worn societal pattern.
That’s good, because you may need extra money to compensate for the one category that gets more expensive with age: healthcare. But on average, it isn’t as steep as you might imagine: from $6,711 per year at 55-64 to $7,918 per year at 75+. (Breaking it down by a percentage of total spending in those categories, it moves from 10.4% to 16.6%.)
“Having an idea of what other people are spending based on their age can be a starting point, but how much you need will depend on your unique situation,” Kiplinger wrote.
📊 Stat of the Day
💸 1,208: Number of new U.S. millionaires minted every day last year (441,078 in total) according to a new UBS report. That’s almost half the new millionaires globally in 2025 and brings the U.S. to more than 23.6 million … millionaires. That’s more than the rest of the top 10 countries combined.
💰 Deal Alert: Today’s Top Deals
🎙 Podcast
Summer is winding down, school is back in session, and we are seeing some wild shifts in the airline industry. Despite recent price hikes, a two-tiered economy in travel has created surprising opportunities for budget-conscious travelers. Clark breaks down why you need to sign up for frequent flyer programs right now, what you actually get (and lose) with new unbundled luxury fares, and where to find the best flight deals over the coming months.
☎ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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