Consumer Expenditures Vary by Age

ANN C. FOSTER

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Financial Literacy, Pension, Retirement Analysis Economic and Fiscal Studies Consumer Behavior and Market Dynamics

Abstract

The Consumer Expenditure Survey (CE) publishes information classified by characteristics such as income, household size, and age of the reference person. This article uses 2013 CE data to examine the relationship between age and consumer expenditures. This relationship is important because the aging of the baby-boom generation will influence the overall level and composition of consumer spending in the years to come.

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