Unexpected expenses take 10% of retirees' income, on average, research shows — many don't have enough cash on hand

The typical retiree household will spend an amount equivalent to 10% of annual income on unexpected expenses, and about 40% lack the cash to cover those costs.

Unexpected expenses take 10% of retirees' income, on average, research shows — many don't have enough cash on hand
The typical retiree household will spend an amount equivalent to 10% of annual income on unexpected expenses, and about 40% lack the cash to cover those costs.

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