Which of the following best describes the spending habits of empty nesters compared to earlier stages in life?

The spending habits of empty nesters are best characterized by a shift towards enjoyment and leisure. As individuals transition into this stage of life, their financial responsibilities typically decrease, particularly in relation to raising children. With children having either moved out or become financially independent, empty nesters often experience increased disposable income. This newfound financial freedom allows them to prioritize experiences and pleasures that they may have deferred during earlier, busier periods of parenthood.

During this phase, empty nesters frequently invest in travel, hobbies, health and wellness, and activities that enhance their quality of life. They may prioritize spending on leisure activities, such as dining out, taking vacations, and engaging in cultural or recreational pursuits. This shift in focus contrasts significantly with earlier life stages, where expenditures are typically heavily directed towards child-rearing, education, and household necessities.

Other options do not accurately reflect the typical spending behavior of empty nesters. For instance, a focus on education would be more relevant to younger families, while increased spending on children becomes less relevant as they grow independent. The notion of being conservative and restrictive may apply to certain individuals; however, as a general trend, empty nesters tend to be more willing to spend on themselves and seek enjoyment out of life.