Consumer satisfaction of retirees: products and services

Abstract

This study was designed to assess the nature and extent of consumer satisfaction of retirees at two stages of retirement: Stage I, age 60–69; Stage age 70 and above. This cross‐sectional mail survey study contained 196 retiree households selected at random, representing retirees who had been retired for at least 1 year and were 60 years of age or older. Results indicate that retirees are in fact a heterogeneous group of consumers who are generally self‐reliant, with varying consumer problems and varying reasons for those problems. Results of this study, collectively, lend support to the notion that age alone is not an appropriate way of studying consumer concerns of retirees. Additionally, retirees' stage of retirement has no significant relationship to the person responsible for the weekly household shopping. Finally, reasons for consumer dissatisfaction are not related to the weekly household shopper.