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Published by: Key Note Publications Ltd
Published: Jun. 1, 2006 - 130 Pages
Table of Contents
- 1. Introduction
- REPORT COVERAGE
- DEFINITION
- 2. Strategic Overview
- POPULATION STATISTICS
- Table 1: The UK Population by Age Group (000), 1976-2004
- Figure 1: The UK Population by Age Group (000), 2004
- Table 2: The UK Population of Adults Aged Over 45 by Age Group (000), 1976-2004
- Table 3: Life Expectancy at Birth in the UK by Sex (years), 1981-2005
- DEMOGRAPHIC PROFILE
- Table 4: Demographic Profile of Adults Aged Over 45 (% of respondents), 2006
- INCOME
- Table 5: Income and Source of Income by Age of Head of Household Reference Person in the UK, 2004/2005
- Figure 2: Income by Age of Head of Household Reference Person in the UK, 2004/2005
- Table 6: Changes in Disposable and Gross Household Income by Age of Head of Household Reference Person in the UK, 2002/2003 and 2004/2005
- HOUSEHOL EXPENDITURE
- Table 7: Average Weekly Household Expenditure by Age of Household Reference Person (£), 2004/2005
- Table 8: Average Weekly Household Expenditure by Age of Household Reference Person (%), 2004/2005
- CAR OWNERSHIP
- Table 9: Car Ownership Among Adults Over 45 by Age Group (%), 2005
- Figure 3: Car Ownership Among Adults Over 45 by Age Group (%), 2005
- SAVINGS AND INSURANCE
- Table 10: Those Who Regularly Spend Money on Insurance Policies and on Savings and Investments (% of respondents), 2006
- ADVERTISING AND MARKETING
- 3. Home and Garden
- INTRODUCTION
- Table 11: Home Ownership Among Adults Aged Over 45 (% of respondents), 2004
- EXPENDITURE ON HOUSING
- Table 12: Average Annual Household Expenditure on Housing by Age of Household Reference Person (£), 2004/2005
- EXPENDITURE ON DIY AND HOME IMPROVEMENTS
- Table 13: Average Annual Expenditure on Household Maintenance and Repair and Alterations/Improvements by Age of Household Reference Person (£), 2004/2005
- Table 14: Those Who Carry Out DIY in the Home (% of adults), 2005
- Table 15: DIY Tasks Carried Out (% of adults), 2005
- EXPENDITURE ON HOUSEHOLD GOODS AND SERVICES
- Table 16: Average Annual Household Expenditure on Household Goods and Services by Households Headed by Adults Over 50 (£), 2004/2005
- Figure 4: Average Annual Household Expenditure on Household Goods and Services by Households Headed by Adults Over 50 (£), 2004/2005
- EXPENDITURE ON GARDENING
- Table 17: Garden Ownership and Size (% of adults), 2005
- Table 18: Average Annual Household Expenditure on Horticultural Goods, Garden Equipment and Plants by Households Headed by Adults Over 50 (£), 2004/2005
- Table 19: Garden Items Respondents Have Spent Money on in the Last Year (% of adults), 2005
- MARKETING AND SUPPLIER ACTIVITY
- 4. Looking Good and Staying Healthy
- INTRODUCTION
- EXPENDITURE ON CLOTHING AND PERSONAL APPEARANCE
- Table 20: Those Who Regularly Spend Money on Clothes (% of respondents), 2006
- Table 21: Average Annual Expenditure on Clothing and Footwear by Households Headed by Adults Over 50 (£), 2004/2005
- Figure 5: Average Annual Expenditure on Clothing and Footwear by Households Headed by Adults Over 50 (£), 2004/2005
- EXPENDITURE ON PERSONAL CARE
- Table 22: Average Annual Expenditure on Personal Care by Households Headed by Adults Over 50 (£), 2004/2005
- HEALTH AND WELL-BEING
- Expenditure on Medications
- Table 23: Those Who Regularly Spend Money on Medications (% of respondents), 2006
- Vitamins and Supplements
- Table 24: Those Who Regularly Take Vitamins, Minerals or Supplements (% of respondents), 2005
- Table 25: Those Who Regularly or Occasionally Take Cod Liver Oil (% of respondents), 2005
- Table 26: Where Those Taking Vitamins, Minerals and Supplements Purchase Them From (% of respondents), 2005
- Smoking
- Table 27: Those Who Have Smoked Cigarettes in the Last 12 Months (% of adults), 2005
- Diet
- Table 28: Heavy Users of Fresh Fruit and Vegetables (% of adults), 2005
- Table 29: Average Annual Household Expenditure on Fresh Fruit and Vegetables (Excluding Potatoes) by Households Headed by Adults Over 50 (£), 2004/2005
- Table 30: Those Who Eat Crisps and/or Savoury Snacks (% of adults), 2005
- Table 31: Snack Brands Purchased Regularly by Social Grade (% of respondents), February 2006
- Exercise
- Table 32: Those Who Have Visited a Leisure Centre, Health Club or Gym in the Last 12 Months (% of adults), 2005
- MARKETING AND SUPPLIER ACTIVITY
- 5. Leisure and Holidays
- INTRODUCTION
- EXPENDITURE ON LEISURE GOODS AND SERVICES
- Table 33: Average Annual Household Expenditure on Audio-Visual, Photographic and Information Processing Equipment by Households Headed by Adults Over 50 (£), 2004/2005
- Table 34: Average Annual Household Expenditure on Other Recreational Items and Equipment and on Pets by Households Headed by Adults Over 50 (£), 2004/2005
- Table 35: Average Annual Household Expenditure on Newspapers, Books and Stationery by Households Headed by Adults Over 50 (£), 2004/2005
- Figure 6: Average Annual Household Expenditure on Newspapers, Magazines and Periodicals by Households Headed by Adults Over 50 (£), 2004/2005
- Table 36: Average Annual Household Expenditure on Recreational and Cultural Services by Households Headed by Adults Over 50 (£), 2004/2005
- PUBS AND EATING OUT
- Table 37: Those Who Visit a Pub for a Drink or Meal (% of adults), 2005
- HOLIDAYS AND TRAVEL
- Table 38: Average Weekly Household Expenditure on Package Holidays by Households Headed by Adults Over 50 (£), 2004/2005
- Table 39: Those Who Have Had Any Holiday in the Last 12 Months (% of adults), 2005
- Table 40: Number of Family Members Who Went on Last Holiday Based on Those Who Have Had Any Holidays in the Last 12 Months (% of adults), 2005
- MARKETING AND SUPPLIER ACTIVITY
- 6. International Perspective
- Table 41: Proportion of Men and Women Aged Over 60 Living Alone (%), 2005
- Table 42: Living Arrangements of Population Aged Over 60 in Africa, Asia, Latin America/Caribbean and Europe (%), 2005
- 7. PEST Analysis
- POLITICAL FACTORS
- ECONOMIC FACTORS
- SOCIAL FACTORS
- TECHNOLOGICAL FACTORS
- Table 43: Those With a Personal Computer in Their Household (% of adults), 2005
- Table 44: Main User(s) of the Household Personal Computer (% of adults), 2005
- Table 45: How the Household Personal Computer is Used (% of adults), 2005
- 8. Consumer Dynamics
- Overall Findings
- Table 46: Regular Purchases by Those Aged Over 45 (% of respondents), February 2006
- SPENDING ON LEISURE
- Books and Magazines
- Table 47: Those Regularly Spending Money on Books and Magazines (% of respondents), 2006
- Music
- Table 48: Those Regularly Spending Money on Compact Discs, Records or Tapes (% of respondents), 2006
- Cinema and Theatre
- Table 49: Those Regularly Spending Money on Going to the Cinema or Theatre (% of respondents), 2006
- Eating and Drinking Out
- Table 50: Those Regularly Spending Money on Eating Out and Drinking in Pubs (% of respondents), 2006
- SPENDING ON CLOTHES
- Table 51: Those Regularly Spending Money on Clothes (% of respondents), 2006
- SPENDING ON OTHERS
- Table 52: Those Regularly Spending Money on Presents for Other People (% of respondents), 2006
- SPENDING ON HOME AND GARDEN
- Table 53: Those Regularly Spending Money on Gardening and Home Improvements (% of respondents), 2006
- Home Furnishings
- Table 54: Those Regularly Spending Money on Things for the Home (% of respondents), 2006
- SPENDING ON MORTGAGE OR RENT
- Table 55: Those Regularly Spending Money on Mortgage and Rent (% of respondents), 2006
- SPENDING ON FINANCIAL PRODUCTS
- Table 56: Those Regularly Spending Money on Insurance and Savings (% of respondents), 2006
- SPENDING ON MEDICATIONS
- Table 57: Those Regularly Spending Money on Medications (% of respondents), 2006
- 9. Company Profiles
- AGE CONCERN
- Corporate Strategy
- Profitability
- Table 58: Financial Results for Age Concern Enterprises Ltd (£000), Years Ending 31st March 2003-2005
- Recent and Future Developments
- HELP THE AGED
- Corporate Strategy
- Profitability
- Table 59: Financial Results for Help the Aged (£000), Years Ending 30th April 2003-2005
- Recent and Future Developments
- SAGA GROUP LTD
- Corporate Strategy
- Profitability
- Table 60: Financial Results for Saga Group Ltd (£000), Years Ending 31st January 2003-2005
- Recent and Future Developments
- 10. The Future
- Table 61: Projected UK Population by Age Group (000), 2005-2010
Table 62: Projected UK Population by Age Group (%), 2005-2010
Table 63: Projected UK Population Over 45 by Age Group (000), 2005-2010
- 11. Consumer Confidence
- METHODOLOGY
- KEY FINDINGS THIS QUARTER
- THE WILLINGNESS TO BORROW
- A Slow Start to 2006
- Table A: The Average Amount Consumers Are Willing to Borrow in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), February 2005, May 2005, August 2005, November 2005 and February 2006
- The Desire to Borrow Stays Strong
- Table B: The Number of Adults Willing to Borrow in Order to Purchase Expensive Items (000 and %), February 2005, May 2005, August 2005, November 2005 and February 2006
- THE WILLINGNESS TO SPEND FROM SAVINGS
- Spending From Savings Declines
- Table C: The Proportion of Adults Without Any Savings (%), February 2005, May 2005, August 2005, November 2005 and February 2006
- Table D: The Average Amount Consumers Are Willing to Spend from Savings in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), February 2005, May 2005, August 2005, November 2005 and February 2006
- Consumers Increasingly Cautious
- Table E: The Average Amounts Adults are Confident Spending to Purchase Expensive Items (£ and %), February 2005, May 2005, August 2005, November 2005 and February 2006
- 12. Further Sources
- General Sources
- Government Sources
- Other Sources
- Bisnode Sources
AbstractIn 2004 there were over 3 million more adults over the age of 45 than there were in 1976, with the population of over-45 year-olds increasing by 15% from 21 million to 24.1 million. This can be attributed to two principal factors. Adults in this age group were part of the post-war `Baby Boom' population — an increase in the birth rate which took place during the late 1940s and the 1950s. This has led to a `population bulge' at each successive age group reached by this cohort. The other contributory factor is the increase in life expectancy, as a result of improved living conditions and advances in healthcare. This has led to an increase of nearly 20% in the population aged over 65 between 1976 and 2004.
As well as becoming more numerous, there is evidence to show that older adults are becoming more affluent. Government figures show that households headed by adults aged 50 to 64 years have experienced larger increases in both gross and disposable incomes over the past 2 years than has been the case for any other age group.
Key Note's original consumer research, commissioned specifically for this report and carried out by NEMS Market Research highlighted a number of differences between the spending patterns of adults over 45 and those of the population as a whole.
For example, people in this age group are considerably more likely than average to spend money on gardening, and are slightly more likely to have insurance policies. They are also less likely to be paying a mortgage or rent, thus leaving them with a higher disposable income.
There are a number of areas in which the over-45s are less likely than average to spend money. These include leisure activities (eating out, recorded music, drinking in pubs and going to the theatre), and personal/household spending, such as clothes and purchases for the home. However, the over-45 age group covers a very wide spectrum, including those over 75 years old, and there are considerable variations in spending among different age groups within this span.
Spending areas in which there is little or no difference between the over-45 age group and the population as a whole include gifts for friends and family, books and magazines, savings and investments, DIY and home improvements and medications.
The over-45 population will go on increasing over the next 5 years. The most recent government population projections suggest that there will be 26.2 million adults in this age group in the UK by 2010 — a 7.3% increase on the 2005 figure. During the same period, there will be a 1% decrease in the number of adults aged under 45.
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