5 Best Money Habits for Boomers To Carry Into 2026

Core Insights - The average retirement age is 62, indicating that most baby boomers are either retired or nearing retirement, which necessitates changes in their financial habits for 2026 [1] Financial Habits for Boomers in 2026 - Annual New Year Reset: It is essential for retirees to reassess their retirement income annually, considering inflation and potential changes in living costs [3][4] - Meaningful Spending: Boomers are categorized into "obedient savers" and those who are less disciplined. The former group, influenced by their Depression-era parents, should focus on meaningful spending rather than frivolous expenses, as time becomes more valuable than money [5][6] - Engagement and Flexibility: Awareness of financial needs is crucial, with the average annual spending for individuals aged 65 and up being $61,432. Staying engaged with financial situations allows for better adaptability to changes [7]