Global Markets
Home›Global Markets›Trade & Tariffs›Retirees weighing cars and other spending to cut costs
Retirees weighing cars and other spending to cut costs
The piece points to June 2026 pricing data showing new vehicles averaging $49,758 versus typical used cars at $27,027, a gap that can materially reduce retirement expenses.
Moneywise and Yahoo Finance LLC publish a personal-finance guide focused on how spending patterns often need to change after retirement, when households typically rely more on savings, Social Security, and investment income.
The article argues that purchases that were reasonable during working years may become less valuable in retirement, citing the potential for spending adjustments to save “thousands of dollars” over time.
One example it highlights is vehicle ownership. It notes that while many households have two cars, according to 2024 data from the Bureau of Transportation Statistics, retired or near-retired couples may have reasons to share one vehicle and buy used instead of purchasing two new cars.
It adds that Kelley Blue Book data put the average new vehicle sold at $49,758 in June 2026, while a typical used car sold for $27,027, and says downsizing from two cars to one shared used vehicle can reduce purchase price, insurance, and maintenance costs over time.