What Age Group Spends the Most Money?

On average, 50- to 60-year-olds spent twice as much on health care and three times as much on housing than younger Americans. In addition, 18- to 25-year-olds allocated more of their spending to food and drink, while seniors spent the least on shopping, at 16 percent. The Daily Beast cites a 2010 Bundle report that attributes these differences to the fact that seniors are retiring and declining in health, so their spending habits reflect a shift from nightlife expenditures to those of leisure after the age of 50.