176 pages LC 97-19755. This is an excellent source of information and analysis for undergraduate and graduate students and beginning researchers. We all know that older people are living longer and therefore growing as a share of the population and that this situation exists over most of the world, but few of us know anything more. The authors provide help in these matters by describing trends and their implications for the future. Wellesley College Aging in America imposes dramatic personal, social, and economic changes.
Retirees have substantial power to affect both business and public policy decision making.
This book analyzes the expenditure patterns of older households to characterize their comparative lifestyles and quality of life. Expenditure patterns of various elderly households are examined over time and compared with the non-elderly. Particular emphasis is placed on analysis of necessity and health care expenditures. The authors empirically test the dominant theories of consumer life-cycle behavior. However, even someone not versed in economics will find many useful facts in this book-if they are willing to refer back to earlier chapters for explanations of the abbreviations.