Negro-White Differentials in Consumer Patterns of the Aged, 1960-1961

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Abstract
Data from the 1960-1961 Consumer Expenditures Survey permit comparison of the income, expenditures, and savings of older white and Negro units. They document the lower income of the Negro aged and their greater inability to draw on savings to supplement money income. Consequently, they must restrict total expenditures to the amounts available from money income and distribute such expenditures differently than do the white aged units. The data point to the need for developing policies designed to raise the income of the aged, and particularly of Negro aged units, to levels permitting adequate allocation of funds among the varied consumption categories.

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