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The survey respondents were 18 and older, including retirees 65 and older.
Less than 10% of respondents aged 65 and older reported cutting back onutilities and housing.
However, a lower percentage of the oldest age group surveyed reported food cost cuts than other age groups.
The CPI for food continues to increase, even if only slightly.
Beef prices have been climbing for the past four months and are predicted to continue rising this year.
Consider eating more poultry and seafood or protein alternatives such asbeans and legumesto keep grocery bills in check.
Another easy way to reduce grocery bills is to prevent food waste.
Only the 18- to 24-year-old group had fewer respondents cutting back on entertainment than those 65 and older.
With some creativity, you’re free to still have fun while keeping your budget intact.
Only those 18 to 24 reported fewer travel budget cuts.
Also, take advantage of the one perk younger generations dont get when traveling: the senior discount.
; (4) How much have your overall expenses gone up in the past year?
; (5) How much money do you think youll need in retirement?
; (6) How much do you spend or expect to spend monthly during your retirement?
; (7) Do you invest your money?
If so, what do you invest in?
; (10) Do you currently have any form of an emergency fund?
; (11) If you faced an emergency (medical, housing, etc.
), how would you have to pay for it?
; and (12) How much do you spend on groceries per month?
Which of the following fast-food chains do you feel provides the best value?
GOBankingRates used PureSpectrums survey platform to conduct the poll.
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