Facts about Seniors

Consider these facts about the Wiregrass Seniors Magazine target market.

They are 90 million strong and growing.
They own 77% of all financial assets in the U.S.
They account for over 45% of all U.S. consumer products and services purchased.
They have over 50% of America's discretionary spending power.
They have twice the income of those under age 35.
A new baby boomer turns 60 every seven seconds.

 

 

Healthcare: The 60+ group annually spends over $655 billion on health care, with the total expected
to reach $1.3 trillion by 2010.

Prescription drugs:
Those over 60 purchase 71% of all prescription drugs with a per capita average of $467.   more than double for the average person. They represent a $100 billion market.

Over-the-counter drugs: The 60+ consumer accounts for 51 % of all over-the-counter drug
purchases.

Investments: Investors over age 60 represent over 62% of all U.S. stockholders.

Travel:
They buy 80% of all luxury travel, 65% of cruise trips, and spend typically 74% more on
vacations than the 18-45 group.

Grocery shopping:
Spend more per capita than any other age group.

Grandchildren: Grandparents spend an average of $500 per year on each grandchild. Highest on the list of purchases are clothing, toys, games, books and videos.

Housing:
Over 79% of all 60+ Americans own their home. 67% percent are mortgage free.
And, in 2005 alone, over three million new senior households entered the housing market.

Restaurant dining:
Americans over 60 average eating out more than three times a week, twice
as often as those under age 35. And many eat out much more often than three times.

Automobiles
: They buy over 41% of all new cars and 48% of all new luxury cars.

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