Older clients and the benefits of using a financial planner. The decision has been reached to close down BHA and liquidate its assets. The data show differences in characteristics between single men and women that contribute to differences in their spending patterns. The average age of single women is 13 years more than the average age of single men. Single men are more likely to be earners, contributing to higher average incomes for men.
Single women are more likely to own their own home.
The data were compared over time. Between 1988 and 1995, single men consistently spent more than did single women. Income and age differences between the two groups account for some of the differences in total expenditure levels. Single women consistently allocated a larger share of their expenditures to housing, health care, apparel and services, and food at home than did single men. Single men spent more than single women on transportation, entertainment, and food away from home.