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Consumption Patterns Among the Young‐Old and Old‐Old
Author(s) -
ABDELGHANY MOHAMED,
SHARPE DEANNA L.
Publication year - 1997
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.1997.tb00828.x
Subject(s) - tobit model , consumer expenditure survey , food away from home , clothing , consumer expenditure , consumption (sociology) , personal care , demographic economics , multivariate analysis , economics , demography , business , geography , medicine , public economics , low income , sociology , social science , aggregate expenditure , archaeology , family medicine , econometrics
Data on 2,810 elderly households were drawn from the Bureau of Labor Statistics 1990 Consumer Expenditure Survey. Multivariate Tobit analysis was used to examine spending pattern differences between households with a reference person aged 65–74 (young‐old) and households with a reference person aged 75 and older (old‐old). Significant differences in spending were found for expenditures on food at home, food away from home, alcohol and tobacco, housing, apparel and apparel services, transportation, bealthcare, bentertainment, personal care, and personal insurance. The impact of socio‐demographic factors on expenditures by either age group was not uniform.