Table of Contents
Introduction And Abbreviations
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- Introduction
- Other Relevant Reports
- Definition
- Abbreviations & Terms
- Abbreviations
- Terms
Executive Summary
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- Boomers are largest generation
- More diverse than their elders
- Most Boomers are married—without children
- Homeownership is the norm
- More than four out of five Boomers are in the labor force
- Boomers have higher than average expenditures
- Housing expenditures account for one-third of Boomers’ budgets
- Boomers spent more on used cars
- Larger households require larger food budgets
- Older Boomers spent more at full-service restaurants
- Health care is not yet a pressing need
- Boomers are still a strong market for entertainment
- Women’s clothing is the largest apparel expenditure
- Older Boomers spent the most on college costs
Demographics Of Baby Boomers
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- Population
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- Graph 1: Number of births in the U.S. from 1909 to 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 aged 35 to 54, by age and gender, 2004
- Race and Hispanic Origin
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- Figure 4: U.S. population by age, race, and Hispanic origin, 2004
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- Figure 5: Population aged 35 to 54 by age, race, and Hispanic origin, 2004
- Marital Status
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- Figure 6: Marital status of people aged 35 to 54, by age, 2002
- Households
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- Figure 7: U.S. households, by age of householder, 2003
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- Figure 8: Households headed by people aged 35 to 54, by presence of children and age of householder, 2002
- Homeownership
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- Figure 9: Homeownership rates, by age of householder, 2003
- Employment
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- Figure 10: Labor force participation, by age, 2003
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- Figure 11: Percent of husbands and wives in the labor force, by age of reference person, 2003
- Income
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- Figure 12: Median household income by age of householder, 2003
Spending Patterns Of Baby Boomers
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- OVERVIEW
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- Figure 13: Number and percentage 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 35 to 54, by age, 2002
- Graph 2: Average expenditures by all CUs and by CUs headed by people aged 35 to 54, 2002
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- Figure 15: Average expenditures of CUs headed by people aged 35 to 54, 1992 and 2002
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- Figure 16: Indexed expenditures by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 17: Distribution of expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 18: Average per capita expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 19: Share of total expenditures accounted for by CUs headed by people aged 35 to 54, by age, 2002
- HOUSING EXPENDITURES
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- Figure 20: Average housing expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Graph 3: Selected average housing expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 21: Indexed housing expenditures by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 22: Average per capita housing expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Figure 23: Share of total housing expenditures accounted for by CUs headed by people aged 35 to 54, by age, 2002
- TRANSPORTATION EXPENDITURES
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- Figure 24: Average transportation expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Graph 4: Selected average transportation expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 25: Indexed transportation expenditures by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 26: Average per capita transportation expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Figure 27: Average per vehicle transportation expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 28: Share of total transportation expenditures accounted for by CUs headed by people aged 35 to 54, by age, 2002
- FOOD AND BEVERAGE EXPENDITURES
- Food and beverages at home
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- Figure 29: Average expenditures for food and beverages at home by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Graph 5: Selected expenditures for food and beverages at home by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 30: Indexed expenditures for food and beverages at home by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 31: Average per capita expenditures for food and beverages at home by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 32: Share of total expenditures for food and beverages at home accounted for by CUs headed by people aged 35 to 54, by age, 2002
- Food and beverages away from home
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- Figure 33: Average expenditures for food and beverages away from home by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Graph 6: Selected average expenditures for food and beverages away from home by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 34: Indexed expenditures for food and beverages away from home by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 35: Average per capita expenditures for food and beverages away from home by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 36: Share of total expenditures for food and beverages away from home accounted for by CUs headed by people aged 35 to 54, by age, 2002
- HEALTH CARE EXPENDITURES
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- Figure 37: Average health care expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Graph 7: Selected average health care expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 38: Indexed health care expenditures by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 39: Average per capita expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 40: Share of total health care expenditures accounted for by CUs headed by people aged 35 to 54, by age, 2002
- ENTERTAINMENT EXPENDITURES
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- Figure 41: Average entertainment expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Graph 8: Selected average entertainment expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 42: Indexed entertainment expenditures by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 43: Average per capita entertainment expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Figure 44: Share of total entertainment expenditures accounted for by CUs headed by people aged 35 to 54, by age, 2002
- APPAREL EXPENDITURES
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- Figure 45: Average apparel expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Graph 9: Selected average apparel expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 46: Indexed apparel expenditures by CUs headed by people aged 35 to 54, by age, 2002
- Figure 47: Average per capita apparel expenditures by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 48: Share of total apparel expenditures accounted for by CUs headed by people aged 35 to 54, by age, 2002
- OTHER EXPENDITURES
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- Figure 49: Average expenditures on other categories by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
- Graph 10: Selected average expenditures on other categories by all CUs and by CUs headed by people aged 35 to 54, by age, 2002
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- Figure 50: Indexed expenditures on other categories by CUs headed by people aged 35 to 54, 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 35 to 54, by age, 2002
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- Figure 52: Share of total expenditures on other categories accounted for by CUs headed by people aged 35 to 54, by age, 2002
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