Expenditures of the Aged Chartbook

 
Percentage of CUs, by size and age
Size of consumer unit 55–64 65–74 75 or older 65 or older
1 person 28.3 37.4 56.4 46.7
2 persons 48.1 47.9 37.2 42.7
3 or more persons 23.7 14.6 6.4 10.6
NOTE: Percentages may not add to 100 because of rounding.
Distribution, by total expenditures
Total expenditures (dollars) Percent
Less than 10,000 15.9
10,000–14,999 19.2
15,000–19,999 16.6
20,000–24,999 12.5
25,000–29,999 9.4
30,000–34,999 6.9
35,000–49,999 9.7
50,000 or more 9.9
SOURCE: Interview portion of the 2002 Consumer Expenditure Survey; means are computed using the interview and diary portions.
Distribution, by per capita expenditures
Per capita expenditures (dollars) Percent
Less than 10,000 35.3
10,000–14,999 25.9
15,000–19,999 14.7
20,000–24,999 8.4
25,000–29,999 5.3
30,000–34,999 3.3
35,000–49,999 4.1
50,000 or more 3.0
SOURCE: Interview portion of the 2002 Consumer Expenditure Survey; means are computed using the interview and diary portions.
Distribution of expenditures, by earned income status (percentage)
Total expenditures (dollars) With
earned income
With no
earned income
Less than 10,000 4.3 20.4
10,000–14,999 10.3 21.7
15,000–19,999 12.3 17.9
20,000–24,999 13.8 12.1
25,000–29,999 12.8 8.6
30,000–34,999 11.4 5.6
35,000–49,999 16.2 7.1
50,000 or more 18.9 6.5
SOURCE: Interview portion of the 2002 Consumer Expenditure Survey.
Mean percentage allocated to components of total expenditures
Component Mean percentage
Housing 32.6
Food 14.0
Out-of-pocket health care 12.9
Transportation 15.8
Apparel 3.5
Entertainment 4.0
Other 17.2
SOURCE: Interview and diary portions of the 2002 Consumer Expenditure Survey.
Mean percentage allocated to components of total expenditures, by earned income status
Component With
earned income
With no
earned income
Housing 28.5 34.0
Food 13.6 15.1
Out-of-pocket health care 10.2 14.5
Transportation 16.9 14.5
Apparel 4.5 3.1
Entertainment 4.1 3.8
Other 22.3 15.1
SOURCE: Interview and diary portions of the 2002 Consumer Expenditure Survey.
Mean percentage allocated to components of total expenditures, by income quartile
Component With
earned income
With no
earned income
Housing 38.0 28.4
Food 16.9 13.2
Out-of-pocket health care 13.9 10.4
Transportation 13.4 17.4
Apparel 2.4 3.0
Entertainment 3.2 4.3
Other 12.1 23.3
SOURCE: Interview portion of the 2002 Consumer Expenditure Survey.
Mean percentage allocated to components of total expenditures, by age
Component 55–64 65–74 75 or older 65 or older
Housing 31.2 31.2 34.7 32.6
Food 12.6 14.0 14.0 14.0
Out-of-pocket health care 6.8 11.2 15.1 12.9
Transportation 18.9 17.6 13.3 15.8
Apparel 4.1 3.9 2.9 3.5
Entertainment 5.2 4.3 3.8 4.0
Other 21.2 17.8 16.3 17.2
SOURCE: Interview and diary portions of the 2002 Consumer Expenditure Survey.
Distribution of consumer units, by housing tenure and age (percentage)
Housing tenure 55–64 65–74 75 or older 65 or older
Owner with mortgage 42.9 26.1 9.4 17.9
Owner without mortgage 38.0 57.6 67.1 62.3
Renter 19.2 16.2 23.5 19.8
SOURCE: Interview portion of the 2002 Consumer Expenditure Survey.
Mean percentage allocated to housing expenditures, by housing tenure and age
Housing tenure 55–64 65–74 75 or older 65 or older
Owner with mortgage 33.4 34.6 35.6 34.8
Owner without mortgage 25.3 27.5 31.2 29.3
Renter 37.0 37.2 45.3 41.6
SOURCE: Interview and diary portions of the 2002 Consumer Expenditure Survey.
Share of CUs spending 95 percent or more of their food expenditures on food prepared and eaten at home, by age
Age group Percent
55–64 22.1
65–74 30.1
75 or older 40.1
65 or older 35.0
SOURCE: Interview portion of the 2002 Consumer Expenditure Survey.
Mean percentage allocated to components of out-of-pocket health care expenditures, by age
Component 55–64 65–74 75 or older 65 or older
Health insurance a 45.1 53.3 51.8 52.6
Medical services b 28.7 17.9 14.5 16.2
Drugs 21.9 24.6 28.8 26.2
Medical supplies c 4.3 4.2 5.0 4.6
SOURCE: Interview and diary portions of the 2002 Consumer Expenditure Survey.
a. Includes fee-for-service health plans, preferred provider health plans, health maintenance organizations (HMOs), commercial Medicare supplements, Medicare payments, and other health insurance.
b. Includes hospital room and services, professional and physicians' services, eye and dental care, lab tests and X-rays, medical care in a retirement community and convalescent or nursing home, and other medical care service.
c. Includes antiseptics, dressings and bandages, first aid kits, contraceptives, syringes, ice bags, thermometers, vaporizers, heating pads, medical appliances (such as braces, crutches, walkers, eyeglasses, and hearing aids), and rental and repair of medical equipment.
Mean percentage allocated to components of transportation expenditures, by age
Component 55–64 65–74 75 or older 65 or older
Purchase of new and used cars and trucks 46.2 42.6 37.7 40.9
Other vehicle expenses a 47.7 50.9 55.5 52.5
Public transportation b 6.1 6.5 6.7 6.6
SOURCE: Interview and diary portions of the 2002 Consumer Expenditure Survey.
a. Includes expenditures for insurance, gas and motor oil, finance charges, maintenance and repairs, licenses, rentals, and other charges.
b. Includes expenditures for fares for travel by airplane, bus, train, and taxi.
Mean percentage allocated to components of other expenditures, by age
Component 55–64 65–74 75 or older 65 or older
Alcohol 4.5 5.7 3.7 4.9
Personal care 5.9 8.7 10.0 9.2
Reading 1.9 2.8 3.5 3.1
Education 6.3 5.1 2.9 4.2
Tobacco 3.9 3.9 2.1 3.2
Miscellaneous items 10.0 13.9 14.9 14.3
Cash contributions a 16.3 28.3 45.2 34.9
Personal insurance 6.4 9.1 7.5 8.5
Pension contributions 16.1 6.7 2.8 5.2
Social Security payroll taxes 28.7 15.9 7.4 12.5
SOURCE: Interview and diary portions of the 2002 Consumer Expenditure Survey.
a. Cash contributed to persons or organizations outside the consumer unit, including alimony and child support payments; care of students away from home; and contributions to religious, educational, charitable, or political organizations.