65-and-over group gives most
September 25, 2000
The 65-and-older age group allocated more of their expenditures to cash contributions in 1998 than other age groups did. "Cash contributions" include cash given to persons outside of the household, charities, churches, and other organizations.
Cash contributions by households headed by someone aged 65-and-older amounted to 6.2 percent of their total expenditures in 1998. This figure is about twice as high as the 2.9 percent given by the 35-to-64-year-old group and over three times as high as the 1.8 percent given by the under-35 age group.
Not only is the share allocated to cash contributions highest for the 65-and-over group, but the level also is. This group contributed $1,529 on average in 1998, compared with $1,232 for the 35-to-64 group and $536 for the under-35 set.
These data are a product of the Consumer Expenditures Survey program. Additional information is available in "Spending Patterns By Age," Issues in Labor Statistics (PDF 33K), Summary 00-16, August 2000.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, 65-and-over group gives most on the Internet at http://www.bls.gov/opub/ted/2000/sept/wk4/art01.htm (visited August 02, 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.