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.