Despite being less concerned with their personal financial situations than other generations, many baby boomers were worried about the economy and changed their spending habits accordingly in 2023. The economic climate caused about 70 percent of boomer consumers to take action on non-essential spending.
Share of baby boomers who are concerned about finances and have changed their spending habits in 2023
Characteristic
Share of respondents
Not concerned and have not changed spending behavior
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PwC. (March 6, 2023). Share of baby boomers who are concerned about finances and have changed their spending habits in 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1463001/baby-boomers-concerns-and-spending-behavior/
PwC. "Share of baby boomers who are concerned about finances and have changed their spending habits in 2023." Chart. March 6, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1463001/baby-boomers-concerns-and-spending-behavior/
PwC. (2023). Share of baby boomers who are concerned about finances and have changed their spending habits in 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1463001/baby-boomers-concerns-and-spending-behavior/
PwC. "Share of Baby Boomers Who Are Concerned about Finances and Have Changed Their Spending Habits in 2023." Statista, Statista Inc., 6 Mar 2023, https://www.statista.com/statistics/1463001/baby-boomers-concerns-and-spending-behavior/
PwC, Share of baby boomers who are concerned about finances and have changed their spending habits in 2023 Statista, https://www.statista.com/statistics/1463001/baby-boomers-concerns-and-spending-behavior/ (last visited November 22, 2024)
Share of baby boomers who are concerned about finances and have changed their spending habits in 2023 [Graph], PwC, March 6, 2023. [Online]. Available: https://www.statista.com/statistics/1463001/baby-boomers-concerns-and-spending-behavior/
