What financial aspect often changes for empty nesters after their children move out?

Empty nesters typically experience increased discretionary spending once their children move out. This change occurs as they often find themselves with fewer financial obligations related to child-rearing, such as costs for education, clothing, and extracurricular activities. With these expenses eliminated, they have more disposable income available.

Moreover, empty nesters may choose to invest this newfound financial flexibility into experiences, travel, hobbies, or even lifestyle changes such as home renovations or luxury purchases. The psychological shift that accompanies the "empty nest" period can also encourage couples to prioritize their own interests and desires, leading to a willingness to spend more on personal enjoyment and self-improvement.

While other financial aspects, such as fixed expenses or savings capacity, could theoretically be impacted, the trend towards increased discretionary spending is particularly distinctive and defining for many empty nesters as they navigate this transitional life stage.