TY - CHAP T1 - Spending Patterns in the Older Population T2 - Aging Consumer: Perspectives from Psychology and Economics Y1 - 2010 A1 - Michael D Hurd A1 - Susann Rohwedder ED - Drolet, A. ED - Schwarz, Norbert ED - Yoon, Carolyn KW - Consumption and Savings KW - Demographics KW - Health Conditions and Status KW - Retirement Planning and Satisfaction AB - 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. JF - Aging Consumer: Perspectives from Psychology and Economics T3 - Marketing and Consumer Psychology Series PB - Routledge CY - New York SN - 978-1-84872-810-3 U4 - Consumption/retirement planning/older Adults/Spending patterns JO - Spending Patterns in the Older Population ER -