|
Senior Spending Patterns for Reality Retirement Planning |
|
|
|
| Characteristics: |
Age
55-64 |
Age
65-74 |
Age
75 & Older
|
| |
|
% of Total |
|
% of Total |
|
% of Total |
| Income before taxes ... |
$61,031
|
|
$42,137
|
|
$28,028
|
|
Average number in
consumer unit:
|
|
|
|
|
|
|
Persons ...
|
2.1
|
|
1.9
|
|
1.5
|
|
| Vehicles... |
2.2 |
|
1.9
|
|
1.2
|
|
Percent homeowner ...
|
83% |
|
83%
|
|
78%
|
|
Average annual
expenditures ...
|
$47,299 |
|
$36,512 |
|
$25,673 |
|
| Food ... |
5,898 |
13%
|
4,871 |
13% |
3,518 |
14%
|
Food at home ...
|
3,374
|
|
3,049
|
|
2,380
|
|
| Food away from home ... |
2,524
|
|
1,822
|
|
1,138
|
|
Alcoholic beverages ...
|
457
|
1%
|
239
|
1% |
190
|
1%
|
| Housing ... |
14,339 |
30% |
11,152 |
31% |
9,381 |
36%
|
| Apparel and services ... |
8,421 |
4%
|
6,506
|
18%
|
3,286
|
13%
|
Transportation ...
|
8,421
|
18% |
6,506
|
18%
|
3,286
|
13%
|
Healthcare ...
|
3,262 |
10% |
3,799
|
7% |
3,995 |
16%
|
| Entertainment ... |
2,823
|
6% |
1,879
|
5%
|
990
|
4%
|
Personal care products and services ...
|
628 |
1%
|
514 |
1% |
421
|
2%
|
| Reading ... |
177 |
0%
|
158
|
0%
|
135
|
1%
|
| Education ... |
730 |
2%
|
352
|
1%
|
198
|
1%
|
| Tobacco products and smoking supplies ... |
301 |
1%
|
197
|
1%
|
98
|
0%
|
| Miscellaneous ... |
825 |
2%
|
735
|
2%
|
547
|
2%
|
| Cash contributions ... |
1,752 |
4%
|
2,471
|
7%
|
1,542
|
6%
|
| Personal insurance and pensions ... |
5,825 |
12%
|
2,348
|
6%
|
856
|
3%
|
| |
|
100% |
|
100%
|
|
100%
|
| |
|
|
|
|
|
|
| Source: Consumer Expenditures in 2004 U.S. Department of Labor-Bureau of Labor Statistics, April 2006 (Report 992) |
|
