Spending Patterns in the Older Population

TitleSpending Patterns in the Older Population
Publication TypeBook Chapter
Year of Publication2010
AuthorsHurd, MD, Rohwedder, S
EditorDrolet, A, Schwarz, N, Yoon, C
Book TitleAging Consumer: Perspectives from Psychology and Economics
Series TitleMarketing and Consumer Psychology Series
Chapter2
Pagination25-49
PublisherRoutledge
CityNew York
ISBN Number978-1-84872-810-3
Accession NumberWOS:000290477700004
KeywordsConsumption and Savings, Demographics, Health Conditions and Status, Retirement Planning and Satisfaction
Abstract

This chapter deals with the concrete differences in consumption behavior across a person's life span. Although there is a prevasive belief that households reduce consumption at retirement, the interpretation that consumers adjust their spending after discovering they have fewer economic resources than they had anticipated prior to retirement is not wholly consistent with empirial evidence. The spending habits of older adults are determined by a variety of factors like age, marital status, and economic resources. Specifically, as the population ages, it will tend to spend less on transportation services, vacations, and food; and more on health care and charitable giving.

Notes

Times Cited: 0

Endnote Keywords

Consumption/retirement planning/older Adults/Spending patterns

Endnote ID

69700

Short TitleSpending Patterns in the Older Population
Citation Key5247