Research by the International Longevity Centre – UK (ILC-UK) and Prudential busts the myth of older people splashing their retirement cash on leisure and holidays. The report reveals that from the age of 50 onwards, spending on most non-essential items begins a slow decline. With the exception of early retirement, retirement does not lead to more holidays or other leisure activities. Nor does retirement lead to a sudden splurge in eating out.
Understanding Retirement Journeys: Expectations vs reality was published in December 2015.