What do empty nesters often plan to spend their increased discretionary income on?

Empty nesters typically experience a significant lifestyle shift when their children move out, leading to increased discretionary income. This demographic often has more financial freedom and less day-to-day responsibility for family expenses. As a result, they tend to focus on enjoyable and fulfilling ways to spend their newfound income.

Travel and hobbies are particularly appealing for empty nesters because they often have more time to indulge in personal interests and experiences. Many seek to explore new destinations and enjoy leisure activities that they may not have had the opportunity to pursue while raising children. This stage of life is often viewed as a time for personal enrichment and adventure, making travel and hobbies a priority.

While investing in stocks, home renovations, and health care expenses can also be important for this group, they are less likely to define the overall spending trend. Empty nesters usually prioritize experiences over material possessions during this transitional phase, aligning their spending with activities that promote enjoyment and personal growth.