Table 2 Average expenditures1 among a cohort of aging households

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  Late 40s Mid-50s Early 60s Late 60s Early 70s
$
Total expenditure 36,600 40,000* 33,600 32,400* 31,100*
Consumption 26,700 27,300 24,800* 24,900* 25,300
Personal security 1,700 2,200* 1,300* 800* 700*
Gifts 1,100 1,600* 1,000 1,800 1,300
Taxes 7,100 8,800* 6,600 5,100* 3,900*
  %
Total expenditure 100.0 100.0 100.0 100.0 100.0
Consumption 72.9 68.3 73.7 76.6 81.4
Personal security 4.8 5.6 3.8 2.4 2.1
Gifts 2.9 4.0 2.9 5.4 4.0
Taxes 19.4 22.1 19.6 15.6 12.4
1. Adjusted for family size. All dollar values were rounded to the nearest 100.
* Statistically different from the late-40s group at the 5% level of significance. When available, bootstrap weights were used for significance testing. Otherwise, a jackknife procedure was used.
Sources: Statistics Canada, Survey of Family Expenditures (FAMEX), 1982 to 1992; Survey of Household Spending (SHS), 1997 to 2008.