Retirees spending more on health insurance
July 13, 2000
Retired households spent more of their budgets on health insurance in 1997 than in 1987.
In 1997, the share of retired households’ expenditures devoted to health insurance was 7.4 percent, up from 5.2 percent in 1987. The share spent on all other health care expenses fell to 5.9 percent in 1997, from 6.6 percent in 1987.
Of the categories shown in the chart, health insurance increased the most as a share of expenditures (measuring change in percentage points). The health insurance share rose 2.2 percentage points, compared with 1.4 percentage points for entertainment and 0.4 percentage point for transportation. The remaining categories had decreases in their shares from 1987 to 1997.
These data are produced by the BLS Consumer Expenditure Surveys program. More information can be found in Issues in Labor Statistics: Consumer Spending During Retirement. (Summary 00-11, May 2000). A consumer unit is classified as retired if the reference person is 65 years of age or older and retired, and there are no earners in the household.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Retirees spending more on health insurance on the Internet at http://www.bls.gov/opub/ted/2000/jul/wk2/art04.htm (visited July 30, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.