EDUCATION
The average retired household sees a big decrease in personal spending on education, setting aside just about $350 a year for any education, from pre-K through college.
That is almost a 79% decrease from the $1,639 of average annual education spending of a working household. Even if you are thinking about going back to school in retirement, many colleges and universities offer classes free of charge to those age 65 and up.
Note: In calculating spending in retirement, the BLS does not factor in money retirees contribute toward college-savings plans for their grandchildren.
