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    Categories: AccountingPersonal FinanceRetirement

An update on what older Australians are spending their money on?

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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