The 50+ Senior Market
... represents $1.6 trillion in buying power
...spends more on health & personal care
products than any other age group
....eats in a restaurant an average of
3 times per week
...owns 77% of all financial assets in America
...buys 43% of all new domestic vehicles and
48% of all luxury cars
...represents 89% of all dollars spent
on travel
...spends $30 billion on grandchildren |
DID YOU KNOW ......
• the 65+ population is projected to increase 147% between 2000 and 2050?
• the median net worth in 2000 of households headed by those age 65 and older was $108,885?
• that 76% of older homeowners own their homes free and clear?
• that Pennsylvania has the fifth-highest senior population in the United States? |