@inbook {5262,
	title = {Older Adults as Consumers: An Examination of Differences by Birth Cohort},
	booktitle = {The interdisciplinary science of consumption},
	year = {2014},
	pages = {292-298},
	publisher = {The MIT Press},
	organization = {The MIT Press},
	abstract = {The U.S. and much of the developed world are currently undergoing a demographic transition marked by fundamental changes in the age structure of the population. These changes pose a number of challenges for society such as understanding the consumption patterns of middle aged and older people. In this chapter, the authors use data from the Health and Retirement Study to explore consumption patterns among five cohorts of adults age 50 and older. They found that older, compared to younger, birth cohorts of older adults reported less spending on food, transportation, trips and vacations, and durable goods; they spent more on donations and gifts; all cohorts reported similar levels of spending on health-related expenses. Results also identified a critical middle age group (i.e. ages 70 to 80), in which the greatest differences in consumption patterns were evident. Such findings may be useful for industry and organizations allowing them to be responsive and competitive by helping them target goods and products that meet the changing needs of an aging society},
	keywords = {Demographics, Methodology},
	isbn = {9780262325387},
	doi = {10.7551/mitpress/9780262027670.003.0015},
	author = {Fin, Debra N. and Yoon, Carolyn and Hartsell, Debra L. and Toni C Antonucci and Noah J Webster and McCullough, Wayne R.}
}
@inbook {5247,
	title = {Spending Patterns in the Older Population},
	booktitle = {Aging Consumer: Perspectives from Psychology and Economics},
	series = {Marketing and Consumer Psychology Series},
	year = {2010},
	pages = {25-49},
	publisher = {Routledge},
	organization = {Routledge},
	chapter = {2},
	address = {New York},
	abstract = {This chapter deals with the concrete differences in consumption behavior across a person{\textquoteright}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.},
	keywords = {Consumption and Savings, Demographics, Health Conditions and Status, Retirement Planning and Satisfaction},
	isbn = {978-1-84872-810-3},
	author = {Michael D Hurd and Susann Rohwedder},
	editor = {Drolet, A. and Schwarz, Norbert and Yoon, Carolyn}
}
