This chart illustrates what households with estimated wealth of $1m - $3m spend on different categories at specific ages. Most Americans’ peak spending years are at midlife, and thereafter spending tends to trend downward, until it trends up again towards up again at the oldest ages. The largest expenditure category at all ages is housing, while the category that older people spend significantly more on than younger people is health care.  Housing and health care may increase late in life due to the possibility of needing long-term care.