72 pages. "Because of the demographic trend toward an older population and the decline in income that occurs as people leave the labor force for retirement, both the amount and the composition of consumption spending by American households could change substantially as the 76 million members of the baby boom reach retirement age. As Congress considers reforms to Social Security, Medicare, Medicaid, tax-deferred retirement savings plans, and other programs that provide income and benefits to older Americans, it may be helpful for policymakers to consider how older individuals spend their income and how this spending has changed over time." [Report RL34185, Sept. 24, 2007]

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