The table provides an analysis of how much money is spent by a single person and a couple to live a comfortable life post-retirement. Overall, a retired couple is found to spend more than a retired single person. Additionally, basic needs—housing, leisure, health, and transport—stand out amongst the others, with much more money allocated, regardless of the people’s status.
Focusing on necessities of critical importance for a comfortable life, housing is found to be a primary focus amongst people, with a small disparity between a retired single person and a retired couple, at $184 and $194, respectively. There is, however, a much more noticeable discrepancy when it comes to leisure, where a retired single person spends $140 compared to a retired couple who spends $202. Regarding health, $122 and $177 are spent by a single person and a couple, respectively, making it the third most important basic need. When it comes to transport, the discrepancy between amounts allocated by a single person and a couple becomes subtle, with $107 for the former and $108 for the latter.
As for the basic needs of less importance, a retired single person spends just $44, an amount that is half as much as that spent by a couple. The same is true for food and other unspecified necessities. For food, a single person spends $50, whereas a couple allocates $100. As for other unspecified needs, a solitary person invests $37, while partners allocate almost twice as much. The disparity also becomes evident in the total amounts, with a single person spending $684 compared to a retired couple who expends $931.
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