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Expenditure Patterns of Older Adults

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Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following expenditures typically decreases after a person retires, according to Aguiar and Hurst?

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1. Expenditures can best be described as:

2. What is a primary reason people engage in precautionary saving?

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About This Quiz & Worksheet

The expenditure patterns of older adults hinge on a multitude of factors. The quiz questions will test your understanding of expenditures, saving, and the factors affecting expenditure patterns of older adults.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • The definition of expenditures
  • How expenditures are affected by age/life stage
  • Examples of expenditures by age group

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on expenditure patterns
  • Defining key concepts - ensure that you can accurately define main phrases, such as expenditures and precautionary saving
  • Distinguishing differences - compare and contrast topics from the lesson, such as the spending habits of adults of different age groups

Additional Learning

To gain a better understanding of expenditure patterns, check out the complementary video lesson entitled Expenditure Patterns of Older Adults. This lesson covers the following objectives:

  • Examine real-life scenarios of expenditure patterns
  • Differentiate between the spending patterns of individual age groups
  • Understand how societal, environmental, and personal factors affect expenditure patterns
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