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Retirement expenditures for Whites, Blacks, and persons of Hispanic origin: the relationship between income and expenditure level reveals differences in spending patterns among retirees of different groups; housing, food, and transportation are the largest expenditure components.(Retirement Expenditures)
From:
Monthly Labor Review
| Date:
June 1, 2003| Author:
Bahizi, Pierre
| COPYRIGHT 2003 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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This article looks at the demographics and expenditures of retirees by three large groups--Hispanics, African-Americans, and Whites. (1) In this article, the terms "Blacks" and "African-Americans" will be used interchangeably. Due to the relationship between income and expenditure level--people with high incomes tend to spend more--this study uses the shares of total expenditures that are spent on the various components to compare differences in spending patterns among the groups. ...
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