[Nords]

Thanks to "Ted" over at FundAlarm.

http://assetbuilder.com/?p=1394#more-1394

"Retirees discovered their post retirement spending compared favorably with their pre-retirement spending. While 20 percent of workers expected and 20 percent of retirees experienced large declines in spending, 55 percent of retirees spent the same, or more."

I wish there was a way for researchers to sort out the chicken-egg questions. Do elderly retirees spend less because they're afraid that they're running out of money, or do they spend less because they're shifting from "go-go" to "no-go"?

He also says "It’s simply a reminder that retirement income is primarily a political and social contract event." That may be true for those in their 50s & older but I'm not so sure about younger generations...