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Exhibit 14 – 3AGE ESTAAGE 75 & OLDERHow ” Average ” Olde(65-74 and 75+ )Average $ Amount PercentAverage $ Amount PercentHouseholds SpendPretax Annual Income$52 366100$35 , 467100Their MoneyAnnual Expenditures$48 855100$36 673Retired families spend agreater share of their incomHousing$15 838324$13 37536.5for food , housing , and medicalFood$ 6 284120$ 4 34911.9care than nonretired familieClothing$ 1, 41729$ 683Transportation$8.33817.1$ 509113.9Health Care$ 5 , 45612.2$ 5 70815.6Entertainmen$ 2, 988$ 1 626Pensions and Social Security$ 2 7885.7$ 800Other$ 60741 1. 6$ 5 04113.7Includes cash distribution , alcohol , tobacco , personal care products and services , reading , education , life andpersonal insurance , and miscellaneous expensesSource : Ann C . Foster , ” A Closer Look at Spending Patterns of Older Americans ” Beyond the Numbers : Prices andSpending , vol . 5 , no . 4 ( U.S . Bureau of Labor Statistics , March 2016 ) https : 1 1 www .bla gov / opub / bin / volumes / spendingpatterns -of -older – americans . htm accessed May 4 , 2017
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