Young vs. Old this Labor Day

By age group, the nation’s biggest spenders are those 35 to 44 and 45 to 54, government statistics show. On average, households with people of these ages spend about twice as much as those headed by older Americans for things such as eating out and entertainment, and they spend roughly 50% more for housing and transportation.

Nearly 1 in 5 Americans ages 65 and older are working or looking for jobs — the highest in almost half a century.