Calculate approximately how much money an older (age 65-74) household with an annual income of $45,000 spends on housing each year. Use Exhibit 143. Exhibit 14-3 How "Average" Older ( 6574 and 75+ ) Households Spend Their Money Retired families spend a greater share of their income on food, housing, and medical care than nonretired families. *Includes cash contributions, alcohol, tobacco, personal care products and services, reading, education, life and personal insurance, and miscellaneous expe Source: Ann C. Foster, "A Closer Look at Spending Parterns of Older Americans," Beyond the Numbers: Prices and Spending, vol. 5, no. 4 (U.S. Bureau o