Problem 18-3 Colculating the Amount Spent on Housing [LO 18-3] Exhibit 184 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. "induderi fash coritributions, alcohol, tobacco, personal care products and services, reading educatich, life and personal nsurance and miscellaneous expenses: Source.Ann C. Foster, "A Closer Look at Spending Pattems of Older Americans, Beyond the Numbers: Pricen ond Spanding. vol. 5. no. 4 (US. Bureau of Labor Statistics, March 2016), http:S/fwww.bls.sov/epub/ben/volume E/apending:paktems-of-olderamer cens,htm, acoessed June 8, 2018