• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

5. Making purchases

The ATUS collects information about how people across various demographic groups use their time. For people 65 and older, the fifth most time-consuming activity reported in 2022 was purchasing goods and services at around 45 minutes a day on average.

That doesn't necessarily mean retirees are embracing retail therapy, though.

The purchase category includes practical and necessary expenses, such as groceries, gas, veterinary care or applying for government services. This category also encompasses time spent talking to service providers and waiting to receive services.

More: Shop online and get coupon codes instantly applied with Honey

Kiss your credit card debt goodbye

Millions of Americans are struggling to crawl out of debt in the face of record-high interest rates. A personal loan offers lower interest rates and fixed payments, making it a smart choice to consolidate high-interest credit card debt. It helps save money, simplifies payments, and accelerates debt payoff. Credible is a free online service that shows you the best lending options to pay off your credit card debt fast — and save a ton in interest.

Explore better rates

4. Eating and drinking

People aged 65 and up spend around an hour and 20 minutes each day performing another practical (and necessary) activity each day: eating and drinking. While this figure tends to grow with age, there isn't much variation across all age groups.

The ATUS survey doesn't delve further into details of when or how seniors dine, apart from saying it includes eating or drinking alone, with others, at home, at a restaurant or somewhere else, but excludes performing the act as part of a work or volunteer activity.

3. Household activities

Adults 65 and older spend just over two and a half hours a day performing household activities, according to the survey.

What do household activities encompass?

Essentially, they're what most of us would define as "chores," including cleaning, cooking and food prep, yard work and home maintenance.

The richest 1% use an advisor. Do you?

Wealthy people know that having money is not the same as being good with money. WiserAdvisor can help you shape your financial future and connect with expert guidance . A trusted advisor helps you make smart choices about investments, retirement savings, and tax planning.

Try Now

2. Watching TV

According to the survey, people 65 and older devote between seven and seven and a half hours a day to leisurely activities. But more than half of that time is spent watching TV.

People aged 65 to 74 reported watching an average of 4.25 hours of TV a day, while those 75 and up said they watch 4.79 hours a day. It's worth noting that TV watching is a favorite activity across all age groups, but the hours per day steadily increase starting in the mid-thirties.

The next most popular leisure activities were reading and socializing or communicating, with older adults spending more than half an hour on these activities daily.

1. Personal care

The only thing older people (and all age groups) spend more time doing than watching TV during their free time is personal care – which includes sleep. In the ATUS survey, personal care also includes bathing and grooming. People aged 65 and up devote between 9 hours and 45 minutes to 10 hours to personal care a day, the survey says.

While time spent sleeping isn't broken down by age, participants overall reported getting an average of roughly nine hours of sleep a day. Naps and bouts of sleeplessness counted as sleep.

According to the Institute on Aging, older adults need an average of seven to nine hours of sleep per day. For someone who falls short of that, the institute recommends daily exercise, keeping a bedtime routine and (pause for effect) no watching TV in the bedroom.

Sponsored

This 2 minute move could knock $500/year off your car insurance in 2024

OfficialCarInsurance.com lets you compare quotes from trusted brands, such as Progressive, Allstate and GEICO to make sure you're getting the best deal.

You can switch to a more affordable auto insurance option in 2 minutes by providing some information about yourself and your vehicle and choosing from their tailor-made results. Find offers as low as $29 a month.

Sarah Brady Freelance Contributor

Sarah Brady is a (self-)certified money nerd. She's a personal finance writer and speaker who's been helping individuals and entrepreneurs improve their financial wellness since 2013. Sarah has written for Forbes Advisor, USA Today's Blueprint, FORTUNE, Experian, Investopedia and more,

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.