How do old people (65+) spend their money??

Quote from soldsoldsold:

I worked at a hardware store when I was a lad many moons ago. The major demographic of the customers were handymen and old people. The old people bought a lot of gardening supplies.
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Quote from macho grande:

Just kill me now.
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Only if you buy some gardening supplies first so that we can bury afterwards.
 
Quote from efficiency:

Peak spending on tangibles in the US is approximately age 48.

Empty nesters are likely to downsize. Townhouses, assisted living, etc. Entertain themselves. Dining and travel. Donations to churches and charities. Spoil grandchildren (if any) and .........healthcare.

However, with 1 in 9 presently on Food Stamps, suggesting no assets and an increased future dependency upon social security and with life expectancy increasing to well beyond 80 years of age, the previous cited "behavior" may indeed change. Dramatically. Essentially, the "graying" of America.

Multiply that change by a demographic bulge.

As for healthcare, it's such a rig. The last material cure was in 1954 with Polio. It's not even a cure, it's a preventive vaccine. No cures for cancers, heart disease, diabetes, etc. Pharmacists merely scrape pills from a big bottle to a little bottle. A blockbuster drug, gets 17 year patent protection, requires daily usage, and only reduces symptoms. R&D aside, 7 cents to produce and each dose is $$$$$.
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I don't agree with that last part.....blood pressure meds and viagra. (Jk on the viagra).
 
I notice the old people in my neighborhood go out to restaurants often. I do not think they spend much on healthcare (other than medicare payments) because The Government (medicare) pays their health care costs. They buy big screen TV's and talk on cell phones a lot. Some of them drink alcohol a lot, I notice garbage cans filled with liquor bottles. Some buy expensive cars.
 
Quote from soldsoldsold:

I worked at a hardware store when I was a lad many moons ago. The major demographic of the customers were handymen and old people. The old people bought a lot of gardening supplies.
More...

they are probably growing weed
 
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