A lot of personal finance books and financial commentators have talked about downsizing after retirement. Downsizing as in move in to a smaller house, cutting down your expenditure, and etc.
I really can’t understand the logic behind that.
Shouldn’t one aim to enjoy life as best as they can and do things that they love, which in this case, after retirement? Shouldn’t one aim to at least maintain the lifestyle before retirement?
Perhaps, it’s the view of financial planners from the previous generation and frankly, I don’t buy it.