How Do Seniors in the Northeast Spend Their Money?

Over the past 25 years, the spending patterns of retirees (age 65 and over) have moved in response to increases (and falls) in the costs of goods and services, changes in retirement income and shifts in priorities. More seniors carry mortgage and credit card debt than in the past, but generally the economic well-being of seniors has improved, particularly in the area of discretionary spending. How have their spending habits changed?