Question

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

around $50,000
around $50,000

around $60,000
around $60,000

around $70,000
around $70,000

around $80,000
around $80,000

Answers

GPT-4o mini
The average cost of living for a retiree can vary based on location, lifestyle, and individual needs. However, many estimates suggest that retirees typically live on an annual budget that ranges from around $50,000 to $70,000. Given the options provided:

- around $50,000
- around $60,000
- around $70,000
- around $80,000

Many financial advisors often suggest that a figure around **$60,000** is a reasonable estimate for the average cost of living for a retiree, taking into account healthcare, housing, and other living expenses. Therefore, **around $60,000** could be considered a good choice.