研究 长者对经济的贡献

Seniors are increasingly important to the health of local economies. 在 10,000 baby boomers retire each day and longer lifespans and a switch to defined contribution plans strain resources for those who are retired. 作为回应，老年人是 working longer or returning to part-time work. Those who do retire can be an important source of consumption and spur demand for health care and home assistance services, but also can draw on the provision of social services.

This shifting landscape makes it even more important to understand seniors" contributions to the economy. Given the shift from the Census Long Form to the American Community Survey¹  new data sources are needed to shed light on this topic. 12号楼.4 billion anonymized credit and debit card transactions in 15 metropolitan areas, the 12bet官方 研究所's recently released 本地消费商业概况 can help better understand how older consumers impact local economies.

In which cities do seniors spend the most? The table below shows the share of total spending in each metro area by consumers 65 and over. 不足为奇的是, cities known as retirement destinations such as Miami and Phoenix have a higher percent of local spend by consumers 65 years and older than the average for 15 metro areas (21.5%和22%.7% respectively versus an average of 18.2%). 更多的 surprisingly, San Francisco tops the list at nearly 23.8%，西雅图为21%.8%, is higher than Miami—likely reflecting the high cost of living and availability of amenities in both cities that are attractive to more affluent, 是更高支出退休人员.

更多的 generally, how closely does the share of seniors in a city track their share of spend? It is well known that older, retired consumers tend to spend less than younger, working consumers. 更多的 空闲时间 导致更多 国内生产, such as cooking instead of eating out and spending more time shopping to take advantage of discounts. There is often also a reduction in work expenses such as commuting or dry cleaning. We see this pattern clearly in our data, where on average the ratio of seniors" spending share to population share is below 1, at 0.86. There is, however, wide variation in that ratio across cities. 正如我们之前看到的, Seattle and San Francisco seniors spend a greater share than seniors in other cities, and more than their share of the population (ratios of 1.13和1.分别为06). 年长的洛杉矶人和纽约人, 另一方面, spend the least relative to their share of the population, with ratios of spending to population of only 0.72和0.75年分别.

As seniors become a larger share of the population, they will be responsible for an increasing amount of consumption in local economies. At the same time, seniors tend to consume less than younger cohorts. 综上所述, these two trends could contribute to an overall slowdown in everyday spending but will play out very differently across cities. Further research and new data sources will help decision makers better appreciate the opportunities and challenges these trends pose for the economy.

The 12bet官方 研究所 is committed to delivering data-rich analyses and expert insights for the public good. 我们最近发布的报告 本地消费商业概况 tells the story of the decline in everyday retail spending across fifteen metro areas. 在接下来的五个星期, the JPMC 研究所 will explore the differences between the metro areas through a series of blog posts ranking the cities across select dimensions from the report.