People born in 1940s not keen on spendingJanuary 20th, 2010 - 3:13 pm ICT by ANI
Washington, Jan 20 (ANI): A new report has revealed that people who were born in the 1940s are not really big spenders.
According to the Consumption Report 2009, published by the University of Gothenburg, Sweden, they top the list in terms of disposable income per consumption unit, but they were not great spenders.
Like younger generations, Swedes born in the 1940s like to travel, yet they do not seem very interested in spending money on clothes, personal care and hygiene, home decoration and furnishing and electronics. In fact, they spend less than average in these areas.
This suggests that they tend to be rather thrifty with their money. Not even their grandchildren seem to benefit much from their wealth, since their spending on presents and gifts is quite average. All this and more is spelled out in detail in the Consumption Report 2009.
“These findings agree with what researchers from the Centre for Consumer Science found in a study of 55+ consumers,” Helene Brembeck, professor at the Centre for Consumer Science, said.
“Our people born in the 1940s tend to do quite well economically and want to live a comfortable life, but they are also home-loving do-gooders who recycle, shop ecologically, show interest in their own health and act as good citizens in all possible ways,” she added.
The Consumption Report 2009 is based on statistics from 2008 that are compared with data from 2007 and 1998.
Private consumption decreased by 0.3 percent from 2007 to 2008, while some areas of consumption grew significantly in the same period.
Communication services +5 percent, health and hospital services +3.9 percent and leisure time and culture +2.4 percent.
Transportation was the area that decreased the most from 2007 to 2008 -8.4 percent.
The areas of consumption that grew the most from 1998 to 2008 were, communication services +123 percent, leisure time and culture +73 percent, furnishings, household equipment and routine maintenance of the house +77 percent and clothing and footwear +60 percent. (ANI)
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