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|Subject: Assuming most of us here are boomers.||Date: 10/3/2012 10:16 AM|
|Author: PucksFool||Number: 45741 of 90228|
... identified the top three areas in which boomers are spending more than the prior generation of Americans aged 45 to 54 and 55 to 64:
• Spending on education has increased by 80 percent for 45-to-54-year-olds and by 22 percent for 55-to-64-year-olds.
• Boomers are spending more on their adult children. According to one survey, more than half of all people in those age groups are providing some form of financial support to their adult children.
• Expenditures on all types of housing have increased by 25 percent for both age groups. One cause is house size: The median house increased in size from 2,080 square feet in 1990 to 2,392 square feet in 2010.
• A close fourth was money spent on health care, including premiums, which increased 30 percent for 45-to-54-year-olds and by 21 percent for those ages 55 to 64.
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