Retirement Blog

Finance Blogs » Retirement » What do retirees do all day?

What do retirees do all day?

By Jennie L. Phipps · Bankrate.com
Wednesday, July 4, 2012
Posted: 6 am ET

In my neighborhood, the parade starts shortly. Happy July Fourth to everyone.

Many people call this Independence Day. I like that because it has a special significance for those of us who are retired or nearing retirement and the freedom it brings to spend more time doing the things we like to do.

Here are some key findings about how people older than 65 spend their days, according the Bureau of Labor Statistics' analysis of "American Time Use." Factor these numbers into your retirement planning.

Having fun. On an average day, 75 percent of people older than 75 spent 7.4 hours engaged in sports and leisure activities. People 65 and older spend 6.9 hours. How many are playing more than one round?

Phone calls and email. People 65 and older spend an average of 24 minutes communicating via phone or email. That's a low estimate of those activities at my house.

Eating and drinking. People 65 and older, including those older than 75, spend an average of one hour and 48 minutes at the table. I wonder if that counts cocktail hour.

Working. No surprises here: People 65 and older spend one hour and 45 minutes working, while those 75 and older devote only 25 minutes to work.

Household chores. I'm amazed this number is so high: an average of two hours and 43 minutes for people age 65 and up. How much vacuuming can one person do?

Shopping. Ninety minutes for people 65 and older and 83 minutes for those 75 and older. Looks like retail therapy still works no matter what your age.

How do you spend your time in retirement?

Enjoy your holiday.

«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
27 Comments
Jim
August 22, 2012 at 3:28 pm

One guy I know whose retired cleans toilets at a casino in Las Vegas. Another guy has a shopping cart of his own , and another guy cleans the counter at McDonalds.

SDD
August 07, 2012 at 11:49 pm

Swim
golf
hike
walk
read
visit friends
eat
socialize
Starbuck's
health club
travel
freelance photography
grandkids
reading tons of newspapers
internet
e-mail
More swimming!

NO MEETINGS
and
Nothing that requires being stuck in traffic or overtime
--unless it is overtime FUN!

Fran Smith
August 07, 2012 at 10:05 pm

You go, Earl. I, at 63yoa am going to start surfing, too. I still participate in a rodeo event; barrel racing. Recently I hooked up with a guy who is teaching me about nutrition, fitness, and how to give my horse massages so that he can perform better. What did I do today? I did outdoor physical labor around the barn for a good 8 hours. NO ROCKIN' CHAIRS FOR US, EH?!!!! :) HOPE TO SEE YOU IN THE SURF...ON YOUR BOARD!!
SINCERELY,
FRAN SMITH
CRESTON, CA

Stargazer
August 06, 2012 at 7:33 pm

My mother-in-law, a textbook impulse buyer, is now retired, and we worry about her fiscal irresponsibility. Every day she purchases frivolous items form different estate auctions and sales, and when she's home, she orders items from the Shopping Network. Her house looks like a hoarder lives there. Her husband recognizes her problem, but says nothing. Anyway, sometimes being a retiree gives you too much time on your hands!

lorenew
July 24, 2012 at 3:48 pm

"What do retirees do all day?" Anything I want... :-)

Earl
July 17, 2012 at 2:24 pm

I swim a ton of laps in the pool 4 or 5 days a week. Golf on the other days. Take care of a garden of strawberries, raspberries, blackberries, tomatoes, and a bed of flowers. I referee little league basketball and football, which is a lot of fun (I've only had one incident of a wacko-parent going Postal on me).
I am signed up for surfing lessons starting next month. Sweet!
How often do I wish I was going into the office? Uh, never.