Older Australians are spending less
Published January 25, 2012 | 
A survey out this week has shown that nearly half (47 per cent) of people aged over 55 are spending less in major retailers and shopping centres than they did a year ago.
The survey, by Essential Media Communications, found that only 24 per cent of older people said they were satisfied with prices while 45 per cent were unhappy with the level of customer service.
The largest money-drain was gas and electricity, with 70 per cent saying they spent more than 12 months ago. Food and groceries were also expensive, with 60 per cent spending more than they did last year.
People aged 18-34 were more likely to save this year than any other age bracket with 41 per cent saving more. In contrast, 40 per cent of over 55s are saving less and 19 per cent said they intended saving more.
Courtesy: National Seniors ‘Connect’. National Seniors Australia is a non-profit organisation that gives voice to issues that affect older Australians. Go to www.nationalseniors.com.au.
