Seniors Typically Frugal in Retirement: Study

According to a recent Texas Tech University study, most retired people of moderate means don’t spend all of their income from social security, pensions and investment earnings, nor do they draw down the principal in their nest egg. Even affluent retirees are spending nowhere near an amount that would place them in danger of running out of money, say the study’s authors Chris Browning, Tao Guo and Yuanshan Cheng.

Guest: Wanda Morris- VP Advocacy and COO, Canadian Association of Retired Persons

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