Financial Stability a Key Factor Influencing Senior Lifestyles in the US, Finds a New Study


Published on : Jan 05, 2018

Albany, New York, January 5, 2018: A latest research study offers information and analysis on the lifestyles of seniors in the US. As one of the fastest growing demographic in the US, the seniors have a key impact on the overall spending, including spending on healthcare and consumer products. The key factors that influence the decisions of seniors, along with their attitude towards life have been discussed in detail in the report. The study can serve as an important piece of information for stakeholder interesting in understanding this demographic in a more intimate manner. This report titled “Senior Lifestyles - US - December 2017” has been added to the repository of Market Research Hub (MRH).

According to the report, health continues to be primary focus area for seniors in the US. Spending on healthcare services, along with gaining awareness on maintaining a healthy lifestyle are gaining traction in the US. The financial stability of the current baby boomers has meant that spending on services and products is quite significant. However, the report also warns that the situation can change in the future, and people entering the 65+ age bracket may not have the same level of financial stability. The current baby boomer generation has a low level of confidence in younger generations according to the report.

In addition to offering in-depth qualitative insights, the report also offers important statistics and figures, offering insightful statistics and figures. The number of people aged 65 and above has been discussed for the period 2012-2022. Further, population aged 18 or older has also been discussed in the report. According to the report, the number of women aged 65 and above is significantly more than men in the US. The ratio of males to females, along with average number of people per household has also been offered in the report. The marital status of people in the US on the basis of age has also been discussed in the report.

The report also offers a detailed market perspective on the lifestyle of seniors in the US, noting that the partnership in this demographic usually does not include marriage. The report also notes that there was a greater appreciation among seniors about the role of their other partner in terms of companionship and understanding. The market factors, including statistics on home ownership, along with median value of net worth for families has also been discussed in the report. The report has found that although life expectancy of seniors has witnessed a drop, health awareness among seniors is quite significant.

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