Most retirees spend roughly half of their budget on _____.A.living expensesB.new hobbiesC.travelD.children and grandchildren

To determine the answer to the question, we need to consider common financial habits among retirees.

1. Living Expenses: This includes essential costs such as housing, food, healthcare, and utilities. Most retirees have fixed income sources like pensions, Social Security, or savings, which typically cover these necessary expenses.

2. New Hobbies: While some retirees pick up new hobbies, this expenditure is often a smaller portion of their budget.

3. Travel: Many retirees do enjoy traveling, but this often varies significantly based on personal finances and preferences. It is generally considered a discretionary expense.

4. Children and Grandchildren: Spending on grandchildren and children can vary widely. While some retirees may contribute financially to their families, it usually does not account for as much as half of their total budget.

Considering the analysis, the most reasonable choice is A. living expenses. Retirees tend to allocate a significant portion of their budget to essential living costs.