How "average" older (65-74 and 75+) households spend their money

Retired families spend a greater share of their income for food, housing, and medical care than nonretired families.

	Age 65-74	Age 75 & Older
	Average $Amount	Percent	Average $Amount	Percent
Pretax annual income	$ 52,366	100	$ 35,467	100
Annual expenditures	$ 48,855	100	$ 36,673	100
Housing	$ 15,838	32.4	$ 13,375	36.5
Food	$ 6,284	12	$ 4,349	11.9
Clothing	$ 1,417	2.9	$ 683	1.9
Transportation	$ 8,338	17.1	$ 5,091	13.9
Health care	$ 5,456	12.2	$ 5,708	15.6
Entertainment	$ 2,988	6.1	$ 1,626	4.4
Pensions and Social Security	$ 2,788	5.7	$ 800	2.2
Other*	$ 6,074	11.6	$ 5,041	13.7

*Includes cash contributions, alcohol, tobacco, personal care products and services, reading, education, life and personal insurance, and miscellaneous expenses.

calculate approximately how much money an older (age 65-74) household with an annual income of $46,000 spends on health care each year.