This study investigated the use by 450 recently retired men and women, of four financial strategies which might enhance financial resources. These strategies were change in expenditures, change in home production, change in assets, or post-retirement employment. Expenditure reduction was the most frequently used of these strategies. As with other research, subjective assessment of economic adequacy was more influential than actual income in affecting expenditure behaviours. The other strategies appeared to be less related to economic factors. Post-retirement employment was most influenced by work saliency. Education, used as a proxy for knowledge and skills, was found to positively correlate with changes in expenditure, home production, and assets. Perhaps the retired consider themselves powerless to improve their economic condition or do not perceive these as useful financial strategies.
