This research delves into expenditure patterns of retiree households in Aotearoa New Zealand.

The findings will help inform the public about the level and type of expenditures they need to financially prepare for throughout different stages of their retirement. The research can also inform policy discussions and decisions surrounding retirement planning, income security, and overall well-being of senior citizens, as well as provide financial product providers with insights into the needs of their customers.

The research shows a profound connection between subjective well-being and various demographic and socioeconomic factors. Retirees with higher qualifications, who own their homes, enjoy greater incomes, live with their partners, and have no dependent children tend to experience higher subjective well-being levels. Those with lower subjective well-being are rent-paying renters, single retirees living with others, and Māori households.

A significant revelation from the study is the relatively positive financial situation of retiree households compared to pre-retirement households. Retirees are more likely to report having sufficient income to meet daily needs and express greater satisfaction with their lives. They are less inclined to report financial strain, which suggests a degree of financial security in their post-work years.