retired couple on bicycles Spending on leisure is a major contributor to life satisfaction, along with health status and relationships with spouse and friends. (Photo: iStock)

It’s not necessarily the amount you spend in retirement, it’s what you spend it on.

So says a study from Michael Finke of the American College, Nhat Ho of Eastern New Mexico University and Sandra Huston of Texas Tech University, which instead of looking at the relationship between money and well-being, examined how “resources are used to elicit life satisfaction in retirement.”

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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