|
Older Citizens Spend Less Money Overall and Less on Taxable Items |
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|
Age |
Under 25 |
25 to 34 |
35 to 44 |
45 to 54 |
55 to 64 |
65 and older |
|
Average Annual Expenditures |
$21,246 |
$32,618 |
$38,336 |
$41,533 |
$33,459 |
$24,081 |
|
Food at home |
8.2% |
7.6% |
8.4% |
7.6% |
7.6% |
8.9% |
|
Food away from home |
7.3% |
6.1% |
5.9% |
5.5% |
5.2% |
4.5% |
|
Alcoholic beverages |
1.3% |
0.8% |
0.7% |
0.7% |
0.8% |
0.6% |
|
Housing |
31.3% |
32.9% |
30.9% |
29.7% |
30.3% |
32.2% |
|
Apparel |
6.0% |
5.4% |
5.3% |
4.9% |
3.9% |
3.6% |
|
Transportation |
24.8% |
21.8% |
20.8% |
20.1% |
19.1% |
17.6% |
|
Health Care |
2.6% |
3.7% |
4.5% |
5.5% |
7.2% |
12.2% |
|
Entertainment |
4.8% |
4.9% |
4.8% |
4.5% |
5.2% |
4.3% |
|
Other Expenditures |
13.7% |
16.7% |
18.8% |
21.4% |
20.6% |
16.0% |
|
Note: Other Expenditures includes
Personal care products and services; Reading; Education; Tobacco products;
Miscellaneous; Cash contributions; Life, endowment, annuities, and other
personal insurance; and Retirement, pensions, and Social Security. |
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