As people age, they spend more on health care. And the rising cost of health care is one of their biggest worries approaching and during retirement. But health care is not the single largest spending category for older people. Instead, it's the cost of maintaining a home.
An analysis from the Employee Benefit Research Institute has tracked data through 2011, the most recent year for which data are available, and has found that home and home-related expenses may have decreased in dollar amounts as people age, but they take up the same proportion of older people's budgets: 40-45 percent.
There are two costs that do fall as people age: transportation expenses and entertainment expenses. Transportation, the analysis said, falls the most.
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