From Yahoo Finance: 2025-05-18 11:01:00

Many boomers struggle to distinguish between necessities and discretionary expenses, potentially overspending on non-essentials like streaming services, travel, dining out, and skincare. Financial advocate Courtney Alev advises auditing nonessential spending to prioritize financial security and savings goals over wants. Boomers generally are responsible spenders, with 87% willing to cut back if financial situations worsen and 84% avoiding credit card debt for nonessential spending.



Read more at Yahoo Finance: 4 ‘Necessities’ Boomers Are Spending Money on That Could Harm Their Finances