Your expenses for leisure activities will probably decrease during retirement.Group of answer choicesTrueFalse

The statement that your expenses for leisure activities will probably decrease during retirement could be considered True for several reasons.

1. Changes in Lifestyle: Many retirees switch to a more budget-conscious lifestyle, reducing discretionary spending.
2. No Commute: Retirees no longer have commuting costs, which may free up money that can be allocated elsewhere.
3. Time Availability: With more free time, retirees may engage in leisure activities that are less costly, such as hiking, gardening, or volunteering.
4. Fixed Income: Often, retirees live on a fixed income, which may necessitate cutting back on certain leisure expenses.

However, this is not universally true for everyone, as some may choose to travel more or pursue expensive hobbies in retirement. Therefore, while many may see a decrease, others might not, making it a subjective matter. The answer can vary based on individual circumstances and choices, but in general context, decreasing expenses is a common trend.