Aging Population and Patterns of Consumption in Mexico

This study examines the changing patterns of consumption of an aging Mexican society with a focus on the age of the householder. To gain insight into aging consumer behavior, relevant consumption theories were reviewed. Regression analysis using various consumption categories as dependent variables were used to test the hypothesis that age of the householder influences consumer expenditure. The major findings of this research are that as the age of the householder increases, they tend to spend more up to a certain age and then starts to decrease, however, this consumption behavior differs for different types of expenditures.