Proceedings of the 2016 Conference on Information Technologies in Science, Management, Social Sphere and Medicine

Income and Consumption of Retirees: A Cross-Country Comparison

Authors
Marina Ryzhkova, Mikhail Chikov, Elmira Kashapova
Corresponding Author
Marina Ryzhkova
Available Online May 2016.
DOI
https://doi.org/10.2991/itsmssm-16.2016.81How to use a DOI?
Keywords
consumption; income; assets; pentioners; old age
Abstract
This paper reports results of comparison of retirees' assets, incomes, and consumption expenditures among three countries (the UK, US and Russia). The analysis was conducted on the basis of official statistic reports and on the data of special government and public organizations. Our findings are the following. The decrease of income while aging is the common feature for every country. Retirees in the UK and US own assets the revenue from which helps them to overcome the reduction in income. But for Russian pensioners it is hard to get by with only social payments. Their main strategies are to continue working or to cut some expenditure. But still they have savings. As a result special marketing policies which should be oriented on old people are suggested.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
Information Technologies in Science, Management, Social Sphere and Medicine
Part of series
Advances in Computer Science Research
Publication Date
May 2016
ISBN
978-94-6252-196-4
ISSN
2352-538X
DOI
https://doi.org/10.2991/itsmssm-16.2016.81How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Marina Ryzhkova
AU  - Mikhail Chikov
AU  - Elmira Kashapova
PY  - 2016/05
DA  - 2016/05
TI  - Income and Consumption of Retirees: A Cross-Country Comparison
BT  - Information Technologies in Science, Management, Social Sphere and Medicine
PB  - Atlantis Press
SN  - 2352-538X
UR  - https://doi.org/10.2991/itsmssm-16.2016.81
DO  - https://doi.org/10.2991/itsmssm-16.2016.81
ID  - Ryzhkova2016/05
ER  -