Table 29. Consumer units with reference person age 55 to 64 by income before taxes: Average annual expenditures and

characteristics, Consumer Expenditure Survey, 2007-2008

Item

Total

55-64

years

Less

than

$5,000

$5,000

to

$9,999

$10,000

to

$14,999

$15,000

to

$19,999

$20,000

to

$29,999

$30,000

to

$39,999

$40,000

to

$49,999

$50,000

to

$69,999

$70,000

and

more

Number of consumer units (in thousands) ....... 19,644 581 844 1,020 989 2,138 1,929 1,860 3,142 7,142 

Consumer unit characteristics: 

Income before taxes ..................................... $71,353 - $6,631 $8,210 $12,620 $17,306 $25,080 $34,574 $44,892 $59,399 $136,968 

Income after taxes ........................................ 68,492 -6,248 8,263 12,703 17,048 25,094 34,272 43,848 57,592 130,228 

Age of reference person ................................ 59.3 59.1 59.4 59.8 59.8 59.5 59.4 59.2 59.3 59.0 

Average number in consumer unit:

Persons ........................................................ 2.1 1.5 1.4 1.5 1.7 1.8 1.9 2.0 2.2 2.5 

Children under 18 ........................................ .2 1.1 1.1 1.1 .2 .1 .2 .2 .2 .2 

Persons 65 and older ................................... .1 2 ( ) 2 ( ) .1 .2 .1 .2 .1 .1 .1 

Earners ........................................................ 1.3 .4 .3 .5 .7 .9 1.1 1.3 1.5 1.9 

Vehicles ....................................................... 2.2 1.4 1.0 1.3 1.5 1.7 1.9 2.1 2.4 2.8 

Percent distribution:

Sex of reference person:

Male ............................................................. 49 52 37 39 47 39 42 49 50 57 

Female ......................................................... 51 48 63 61 53 61 58 51 50 43 

Housing tenure:

Homeowner .................................................. 81 60 49 58 62 74 75 83 86 94 

With mortgage ............................................ 46 30 19 20 23 34 36 44 54 62 

Without mortgage ....................................... 35 30 30 38 39 40 39 39 32 32 

Renter .......................................................... 19 40 51 42 38 26 25 17 14 6 

Race of reference person:

Black or African-American ........................... 11 17 20 22 16 16 13 11 9 6 

White, Asian, and all other races ................. 89 83 80 78 84 84 87 89 91 94 

Hispanic or Latino origin of reference person:

Hispanic or Latino ........................................ 8 7 11 12 14 10 10 7 7 5 

Not Hispanic or Latino .................................. 92 93 89 88 86 90 90 93 93 95 

Education of reference person:

Elementary (1-8) .......................................... 4 5 10 8 8 8 4 4 3 1 

High school (9-12) ........................................ 33 38 55 55 47 48 44 32 30 18 

College ......................................................... 63 54 33 37 44 44 51 63 67 81 

Never attended and other ............................ 3 ( ) 2 2 3 ( ) 3 ( ) 3 ( ) 3 ( ) 1 3 ( ) 3 ( )

At least one vehicle owned or leased ............ 92 70 63 74 86 91 95 95 96 98 

Average annual expenditures .......................... $54,287 $29,879 $18,043 $21,477 $27,819 $30,444 $34,027 $40,943 $51,253 $86,173 

Food ............................................................... 6,300 3,734 3,181 3,077 3,283 3,891 4,395 5,337 6,268 9,196 

Food at home ............................................... 3,586 2,589 2,522 2,170 2,230 2,580 2,639 3,263 3,757 4,731 

Cereals and bakery products ..................... 474 379 324 323 307 352 332 417 493 624 

Cereals and cereal products .................... 141 135 127 109 100 105 102 126 149 175 

Bakery products ....................................... 334 244 197 215 207 247 230 291 344 449 

Meats, poultry, fish, and eggs .................... 803 576 672 527 446 610 625 781 851 1,013 

Beef .......................................................... 222 173 148 135 132 170 178 246 223 279 

Pork .......................................................... 157 114 120 124 101 113 124 141 195 185 

Other meats ............................................. 105 60 78 70 69 71 63 101 130 132 

Poultry ...................................................... 143 107 197 84 60 119 107 144 132 184 

Fish and seafood ..................................... 128 77 98 79 50 100 115 93 122 176 

Eggs ......................................................... 48 44 32 35 34 35 37 56 50 58 

Dairy products ............................................ 402 330 254 241 293 275 290 347 403 543 

Fresh milk and cream .............................. 148 141 105 108 127 107 120 130 149 184 

Other dairy products ................................ 255 189 149 132 167 168 170 217 254 359 

Fruits and vegetables ................................. 662 466 485 359 387 453 485 584 691 894 

Fresh fruits ............................................... 224 136 174 115 123 144 161 192 244 307 

Fresh vegetables ..................................... 221 167 158 115 127 147 167 202 225 301 

Processed fruits ....................................... 112 91 79 58 77 74 77 95 114 153 

Processed vegetables .............................. 105 72 74 71 60 89 80 96 108 133 

See footnotes at end of table.
Table 29. Consumer units with reference person age 55 to 64 by income before taxes: Average annual expenditures and

characteristics, Consumer Expenditure Survey, 2007-2008 — Continued

Item

Total

55-64

years

Less

than

$5,000

$5,000

to

$9,999

$10,000

to

$14,999

$15,000

to

$19,999

$20,000

to

$29,999

$30,000

to

$39,999

$40,000

to

$49,999

$50,000

to

$69,999

$70,000

and

more

Other food at home .................................... $1,246 $837 $787 $720 $796 $890 $906 $1,133 $1,319 $1,657 

Sugar and other sweets ........................... 127 88 78 65 81 104 98 125 129 165 

Fats and oils ............................................. 101 79 76 64 71 79 84 93 103 126 

Miscellaneous foods ................................ 618 394 400 370 375 424 436 553 677 825 

Nonalcoholic beverages ........................... 331 246 219 204 238 251 257 312 346 423 

Food prepared by consumer unit on

out-of-town trips ..................................... 68 131 114 117 131 31 32 50 63 118 

Food away from home ................................. 2,714 1,145 660 907 1,054 1,311 1,755 2,074 2,511 4,466 

Alcoholic beverages ....................................... 529 228 111 178 170 280 282 366 547 869 

Housing .......................................................... 17,417 11,680 7,624 8,396 10,299 11,019 11,514 12,971 16,953 26,161 

Shelter .......................................................... 9,944 7,318 4,283 4,634 5,698 6,312 6,365 7,115 9,713 15,066 

Owned dwellings ........................................ 7,226 4,271 1,839 2,117 2,789 4,062 3,976 5,163 7,266 11,793 

Mortgage interest and charges ................ 3,518 2,221 757 706 1,128 1,877 1,904 2,285 3,575 5,906 

Property taxes .......................................... 2,206 1,565 579 796 928 1,142 1,273 1,616 1,925 3,677 

Maintenance, repairs, insurance, other

expenses ................................................ 1,502 485 503 615 734 1,043 800 1,262 1,766 2,210 

Rented dwellings ........................................ 1,574 2,456 2,309 2,296 2,541 1,913 2,127 1,489 1,486 987 

Other lodging ............................................. 1,144 590 1135 221 368 337 262 464 961 2,286 

Utilities, fuels, and public services ............... 3,865 2,433 2,277 2,503 2,928 3,028 3,308 3,528 3,950 4,944 

Natural gas ................................................. 580 322 320 306 418 411 516 511 586 777 

Electricity .................................................... 1,433 1,016 928 1,075 1,133 1,214 1,252 1,326 1,420 1,767 

Fuel oil and other fuels ............................... 213 196 1144 1100 130 188 179 147 239 280 

Telephone services .................................... 1,142 705 674 731 876 857 957 1,064 1,193 1,460 

Water and other public services ................. 498 294 211 292 372 358 404 481 511 661 

Household operations .................................. 870 413 211 257 489 338 381 518 736 1,566 

Personal services ....................................... 114 4 ( ) 11 124 1114 145 126 130 193 226 

Other household expenses ........................ 755 413 210 233 375 293 354 488 643 1,340 

Housekeeping supplies ................................ 821 473 344 372 361 477 432 593 764 1,315 

Laundry and cleaning supplies .................. 143 123 101 110 92 102 91 143 140 190 

Other household products .......................... 484 224 172 154 183 203 227 317 407 855 

Postage and stationery .............................. 193 126 72 108 86 172 114 133 218 270 

Household furnishings and equipment ......... 1,918 1,044 509 630 823 864 1,029 1,217 1,789 3,270 

Household textiles ...................................... 164 195 21 44 50 100 117 70 185 265 

Furniture ..................................................... 424 289 58 118 204 183 178 218 395 755 

Floor coverings .......................................... 55 113 164 19 115 132 117 64 41 90 

Major appliances ........................................ 265 185 144 83 203 168 106 189 292 408 

Small appliances, miscellaneous

housewares .............................................. 127 86 41 46 28 38 104 83 126 209 

Miscellaneous household equipment ......... 884 476 181 329 322 343 507 592 751 1,543 

Apparel and services ..................................... 1,752 858 570 551 639 889 1,462 1,204 1,635 2,798 

Men and boys .............................................. 396 253 119 111 104 148 277 307 351 667 

Men, 16 and over ....................................... 360 1243 1107 93 66 141 236 281 308 618 

Boys, 2 to 15 .............................................. 36 111 112 18 38 8 41 27 43 49 

Women and girls .......................................... 731 338 298 206 317 396 676 422 764 1,117 

Women, 16 and over .................................. 668 335 285 196 276 352 640 380 696 1,018 

Girls, 2 to 15 ............................................... 63 13 114 110 41 44 36 42 67 100 

Children under 2 .......................................... 50 123 112 127 117 27 47 32 37 82 

Footwear ...................................................... 296 185 163 1109 192 187 371 193 251 448 

Other apparel products and services ........... 279 159 78 98 108 132 91 250 232 484 

Transportation ................................................ 9,491 3,896 2,857 4,337 5,540 6,463 6,530 7,849 9,101 14,299 

Vehicle purchases (net outlay) ..................... 3,172 1483 1425 11,529 11,879 2,406 1,902 2,208 2,925 5,061 

Cars and trucks, new ................................. 1,636 4 ( ) 1240 11,086 1989 1837 1692 1,069 1,228 2,922 

Cars and trucks, used ................................ 1,416 1483 1131 1443 726 1,500 1,175 1,139 1,458 1,972 

Other vehicles ............................................ 121 4 ( ) 155 4 ( ) 1164 169 135 4 ( ) 1239 167 

Gasoline and motor oil ................................. 2,662 1,656 1,221 1,276 1,767 1,917 2,075 2,429 2,834 3,603 

See footnotes at end of table.
Table 29. Consumer units with reference person age 55 to 64 by income before taxes: Average annual expenditures and

characteristics, Consumer Expenditure Survey, 2007-2008 — Continued

Item

Total

55-64

years

Less

than

$5,000

$5,000

to

$9,999

$10,000

to

$14,999

$15,000

to

$19,999

$20,000

to

$29,999

$30,000

to

$39,999

$40,000

to

$49,999

$50,000

to

$69,999

$70,000

and

more

Other vehicle expenses ............................... $2,957 $1,434 $1,130 $1,370 $1,523 $1,957 $2,364 $2,810 $2,865 $4,239 

Vehicle finance charges ............................. 316 1102 135 114 127 214 314 272 374 440 

Maintenance and repairs ........................... 870 460 293 291 523 505 571 763 868 1,319 

Vehicle insurance ....................................... 1,219 1614 1609 1800 1746 1,006 1,222 1,456 1,198 1,457 

Vehicle rental, leases, licenses, and other

charges .................................................... 551 259 192 165 128 232 257 319 424 1,023 

Public transportation .................................... 700 322 82 162 370 182 189 402 477 1,395 

Healthcare ...................................................... 3,652 2,466 1,214 1,842 2,615 2,550 2,779 3,430 3,910 4,947 

Health insurance .......................................... 1,849 1,376 568 1,001 1,340 1,419 1,455 1,798 1,872 2,468 

Medical services .......................................... 953 554 317 291 596 477 606 822 1,084 1,419 

Drugs ........................................................... 694 487 320 490 575 567 645 682 732 837 

Medical supplies .......................................... 156 150 110 61 103 87 73 128 221 223 

Entertainment ................................................. 2,885 2,663 983 977 1,510 1,361 1,767 2,415 3,140 4,355 

Fees and admissions ................................... 644 296 73 99 141 138 207 382 551 1,265 

Audio and visual equipment and services .... 1,040 680 559 578 602 718 757 939 1,053 1,445 

Pets, toys, hobbies, and playground

equipment .................................................. 691 479 288 265 299 435 580 656 871 905 

Other entertainment supplies, equipment,

and services ............................................... 510 11,207 163 36 468 70 223 438 665 740 

Personal care products and services ............. 631 432 225 223 281 327 417 473 595 1,004 

Reading .......................................................... 154 80 40 53 69 71 81 122 153 252 

Education ....................................................... 898 1829 124 1141 1218 98 229 509 498 1,906 

Tobacco products and smoking supplies ....... 353 253 306 376 347 358 373 377 437 315 

Miscellaneous ................................................ 1,201 794 226 264 760 604 530 792 1,159 2,024 

Cash contributions ......................................... 2,452 972 366 518 1,112 723 1,037 1,583 1,594 4,783 

Personal insurance and pensions .................. 6,572 993 315 546 975 1,809 2,629 3,515 5,265 13,262 

Life and other personal insurance ................ 491 187 102 145 161 239 240 304 422 878 

Pensions and Social Security ...................... 6,081 806 213 401 814 1,571 2,389 3,211 4,843 12,384 

Sources of income and personal taxes: 

Money income before taxes ........................... 71,353 -6,631 8,210 12,620 17,306 25,080 34,574 44,892 59,399 136,968 

Wages and salaries ..................................... 54,140 4,699 1,828 3,959 7,483 14,014 22,706 31,129 44,765 108,590 

Self-employment income ............................. 4,861 -13,456 1-385 92 1165 863 1,425 1,779 2,771 12,148 

Social Security, private and government

retirement ................................................... 8,663 971 3,778 6,835 7,949 8,302 8,869 9,731 9,589 9,593 

Interest, dividends, rental income, other

property income ......................................... 2,468 417 189 244 451 698 872 1,170 1,332 5,300 

Unemployment and workers’ compensation,

veterans’ benefits ....................................... 376 194 1313 1205 1241 394 1124 547 419 450 

Public assistance, supplemental security

income, food stamps .................................. 390 408 2,125 1,044 717 529 335 261 289 95 

Regular contributions for support ................. 324 134 178 185 1189 1104 190 1168 1141 681 

Other income ............................................... 131 1202 1284 1156 1110 1176 1152 1107 193 111 

Personal taxes ............................................... 2,861 -383 -52 -83 257 -14 301 1,044 1,807 6,740 

Federal income taxes ................................... 2,351 -224 -6 -93 114 120 361 863 1,535 5,450 

2008 Tax stimulus (new UCC Q20082) ....... -384 1-229 1-147 1-121 1-195 -342 -334 -364 -495 -470 

State and local income taxes ....................... 601 -23 10 20 213 67 143 262 471 1,287 

Other taxes .................................................. 293 192 91 110 126 141 131 284 297 473 

See footnotes at end of table.
Table 29. Consumer units with reference person age 55 to 64 by income before taxes: Average annual expenditures and

characteristics, Consumer Expenditure Survey, 2007-2008 — Continued

Item

Total

55-64

years

Less

than

$5,000

$5,000

to

$9,999

$10,000

to

$14,999

$15,000

to

$19,999

$20,000

to

$29,999

$30,000

to

$39,999

$40,000

to

$49,999

$50,000

to

$69,999

$70,000

and

more

Income after taxes ......................................... 68,492 -6,248 8,263 12,703 17,048 25,094 34,272 43,848 57,592 130,228 

Addenda:

Net change in total assets and liabilities ........ - $2,964 $6,950 - $2,174 - $5,354 - $9,911 - $172 - $222 - $2,701 - $4,808 - $3,395 

Net change in total assets ............................ 5,115 6,721 1,850 -1,070 -5,125 7,957 4,587 -284 2,207 9,649 

Net change in total liabilities ........................ 8,079 -229 4,024 4,284 4,786 8,128 4,809 2,417 7,015 13,044 

Other financial information:

Other money receipts ................................... 1,263 1353 134 270 11,724 760 11,351 1,309 987 1,797 

Mortgage principal paid on owned property -2,913 -2,084 -448 -657 -984 -1,179 -1,133 -1,740 -2,313 -5,431 

Estimated market value of owned home ...... 226,588 159,891 69,316 92,579 99,508 129,676 132,125 164,980 206,130 366,903 

Estimated monthly rental value of owned

home .......................................................... 1,094 760 435 488 578 699 737 901 1,043 1,644 

Gifts of goods and services ............................ 1,849 1,293 352 425 714 540 833 1,102 1,373 3,496 

Food ............................................................. 175 79 62 148 71 36 85 84 98 353 

Alcoholic beverages ..................................... 17 11 130 113 121 3 ( ) 15 7 12 28 

Housing ........................................................ 317 206 106 127 122 99 145 261 245 562 

Housekeeping supplies .............................. 38 137 144 126 129 115 26 31 55 44 

Household textiles ...................................... 20 127 4 ( ) 3 ( ) 115 110 127 13 147 19 

Appliances and miscellaneous

housewares .............................................. 33 18 17 115 12 125 16 114 24 64 

Major appliances ...................................... 17 12 4 ( ) 13 4 ( ) 115 15 12 19 34 

Small appliances and miscellaneous

housewares ............................................ 16 17 17 112 12 110 11 12 16 30 

Miscellaneous household equipment ......... 54 166 12 121 114 122 28 32 34 99 

Other housing ............................................ 172 167 153 164 161 127 58 179 85 336 

Apparel and services ................................... 284 65 48 66 146 153 207 168 309 454 

Males, 2 and over ...................................... 73 121 131 117 39 28 47 46 55 128 

Females, 2 and over .................................. 113 17 17 126 68 80 63 49 158 170 

Children under 2 ........................................ 44 122 110 17 116 24 41 24 35 73 

Other apparel products and services ......... 55 115 11 16 123 121 156 149 61 83 

Jewelry and watches ................................ 17 18 11 12 111 14 14 121 35 21 

All other apparel products and services ... 38 17 4 ( ) 14 112 117 151 127 126 62 

Transportation .............................................. 162 60 20 14 26 61 133 73 132 301 

Healthcare .................................................... 34 119 112 12 111 111 113 113 126 68 

Entertainment ............................................... 139 1161 140 145 130 84 53 65 194 213 

Toys, games, arts and crafts, and tricycles 39 17 11 122 18 135 114 133 68 50 

Other entertainment ................................... 99 1154 139 122 122 49 39 33 126 163 

Personal care products and services ........... 15 4 ( ) 116 12 14 18 15 12 22 21 

Reading ........................................................ 1 4 ( ) 3 ( ) 3 ( ) 11 3 ( ) 3 ( ) 2 1 2 

Education ..................................................... 564 1695 3 ( ) 195 1129 133 126 334 251 1,221 

All other gifts ................................................ 140 15 18 13 151 56 51 82 82 272 

1 Data are likely to have large sampling errors. 2 Value is less than or equal to 0.05.3 Value is less than or equal to 0.5. 4 No data reported.