1 of 1
Story summary
- AARP reports 41% of adults aged 50-64 reduced grocery spending last month.
- 58% of surveyed older adults cut dining-out expenses, while 52% trimmed entertainment spending.
- Housing economist Christopher Mayer says grocery cuts signal pressure on older homeowners, who may skip insurance.
- If household income fell 5%, 61% would use savings, over a third credit cards, 45% seek cheaper options.
