After age 65, Americans consistently spend less: report ...Middle East

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After age 65, Americans consistently spend less: report
source : The Hill ( Middle East ) () 30
Story at a glance Although older Americans tend to spend more on gifts and donations as they age, overall spending consistently declines as time goes on. Results of the Health and Retirement Study found spending for single households declines by around 1.7 percent each year. For coupled households, the annual inflation-adjusted decline rose to around 2.4 percent.  Once Americans reach age 65, their spending consistently declines regardless of whether they’re wealthy or have lower levels of financial resources. That’s according to a new study from the Rand Corporation. Researchers assessed data from the Health and Retirement Study and found spending ad

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