Table of Contents
Introduction And Abbreviations
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- Introduction
- Other relevant reports
- Definition
- Abbreviations and terms
- Abbreviations
- Terms
Executive Summary
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- Women outnumber men in older age groups
- The number of older adults is rising
- Older generations are less racially and ethnically diverse
- Retirees have more time, but less money
- Spending patterns change with age
- Over 60% of expenditures go to housing, transportation, and food
- Rising healthcare costs impact expenditures
- Mortgage and property taxes are largest housing expenses
- Older adults spend more on new cars
- Older adults spend more per capita on food and beverages
- Older adults account for more than a quarter of entertainment expenditures
- Retirement reduces demand for more expensive clothing
- Expenditures for legal and accounting fees are higher than average
Demographics Of Older Adults
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- Population
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- Graph 1: Number of births in the U.S., 1909-2002
- Figure 1: U.S. population, by generation, 2004
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- Figure 2: Projections of the U.S. population by age, 2004 and 2010
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- Figure 3: U.S. population by age and gender, 2004
- Race and Hispanic origin
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- Figure 4: Population under age 55 and aged 55 or older by age, race, and Hispanic origin, 2004
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- Figure 5: Population aged 55 or older by age, race, and Hispanic origin, 2004
- Marital status
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- Figure 6: Married people aged 55 or older, by sex and age, 2002
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- Figure 7: Married, widowed and divorced population aged 55 or older by age, race, and Hispanic origin, 2002
- Households
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- Figure 8: U.S. households, by age of householder, 2003
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- Figure 9: Households headed by people aged 55 or older, by presence of children and age of householder, 2002
- Homeownership
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- Figure 10: Homeownership by age of householder, 2003
- Employment
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- Figure 11: Labor force participation, by age, 2003
- Household income
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- Figure 12: Median household income, by age of householder, 2003
Spending Patterns Of Older Adults
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- Overview
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- Figure 13: Number and percent distribution of consumer units, by age, 2002
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- Figure 14: Average expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Graph 2: Average expenditure by all CUs and by CUs headed by people aged 55 or older, 2002
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- Figure 15: Average expenditures of CUs headed by people aged 55 or older, 1992 and 2002
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- Figure 16: Indexed expenditures by CUs headed by people aged 55 or older, by age, 2002
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- Figure 17: Distribution of expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 18: Average per capita expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 19: Share of total expenditures accounted for by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Housing expenditures
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- Figure 20: Average housing expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Graph 3: Average expenditure by all CUs and by CUs headed by people aged 55 or older, 2002
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- Figure 21: Indexed housing expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 22: Average per capita housing expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 23: Share of total housing expenditures accounted for by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Transportation expenditures
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- Figure 24: Average transportation expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Graph 4: Average transportation expenditure by all CUs and by CUs headed by people aged 55 or older, 2002
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- Figure 25: Indexed transportation expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 26: Average per capita transportation expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 27: Average per vehicle transportation expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 28: Share of total transportation expenditures accounted for by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Food and beverage expenditures
- Food and beverages at home
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- Figure 29: Average food-at-home expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Graph 5: Average food and beverage expenditures by all CUs and by CUs headed by people aged 55 or older, 2002
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- Figure 30: Indexed food-at-home expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Figure 31: Average per capita food-at-home expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 32: Share of total food-at-home expenditures accounted for by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Food and beverages away from home
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- Figure 33: Average food-away-from-home expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 34: Indexed food-away-from-home expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 35: Average per capita food-away-from-home expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 36: Share of total food-away-from-home expenditures accounted for by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Healthcare expenditures
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- Figure 37: Average healthcare expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Graph 6: Average healthcare expenditures by all CUs and by CUs headed by people aged 55 or older, by age breaks, 2002
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- Figure 38: Indexed healthcare expenditures by all CUs andn by CUs headed by people aged 55 or older, by age, 2002
- Figure 39: Average per capita healthcare expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 40: Share of total healthcare expenditures accounted for by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Entertainment expenditures
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- Figure 41: Average entertainment expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Graph 7: Average entertainment expenditures by all CUs and by CUs headed by people aged 55 or older, by age breaks, 2002
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- Figure 42: Indexed entertainment expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 43: Average per capita entertainment expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 44: Share of total entertainment expenditures accounted for by CUs headed by people aged 55 or older, by age, 2002
- Apparel expenditures
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- Figure 45: Average apparel expenditures by all CUs and by CUs headed by people aged 55 or older by age, 2002
- Graph 8: Average apparel expenditures by all CUs and by CUs headed by people aged 55 or older, by age breaks, 2002
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- Figure 46: Indexed apparel expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 47: Average per capita apparel expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Figure 48: Share of total apparel expenditures accounted for by CUs headed by people aged 55 or older, by age, 2002
- Other expenditures
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- Figure 49: Average other expenditures by all CUs and by CUs headed by people aged 55 or older, by age, 2002
- Graph 9: Average other expenditures by all CUs and by CUs headed by people aged 55 or older, by age breaks, 2002
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- Figure 50: Indexed expenditures on other categories by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 51: Average per capita expenditures on other categories by all CUs and by CUs headed by people aged 55 or older, by age, 2002
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- Figure 52: Share of total expenditures on other categories accounted for by CUs headed by people aged 55 or older, by age, 2002
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