According to Australian Bureau of Statistics (ABS) figures, goods and services spending grew by 21 per cent in 2015-16 over the 2009-10 figure for households with a reference person between 55-64. In the same period, households headed by someone over 65 years of age saw a spending increase of 22 per cent.
So, what are they spending their money on?
The below infographic demonstrates some interesting findings from the ABS data as summarised by nestegg.com.au.
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