Older workers spend less on necessities and health care

More older Americans are choosing to continue to work or are returning to the labor force. The number of workers age 65 and older is predicted to increase by more than 80 percent by 2016. In an ongoing study, University of Missouri researchers are examining the financial motivations of older working Americans. New results reveal that older workers spend less money on necessities, including housing and food, and health care than older non-workers.

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