What is the average cost of living for a retiree per year?(1 point)

Question

Responses

around $50,000
around $50,000

around $60,000
around $60,000

around $70,000
around $70,000

around $80,00

Answer 1

There is no one-size-fits-all answer to this question as the average cost of living for a retiree can vary greatly depending on factors such as location, lifestyle, healthcare needs, and personal expenses. Therefore, it is difficult to determine an exact amount. However, a general estimate for the average cost of living for a retiree per year is typically around $50,000 to $60,000.