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The Eternal Youth Fallacy in the Face of a Pandemic: Senior Spending Patterns and the Silver Economy in the United States

Population ageing in the United States has resulted in a substantial increase in retiree households. Understanding consumer behaviour among older individuals is crucial for assessing their well-being and living conditions. This study emphasises the importance of recognising the unique needs and preferences of older consumers, as their consumption patterns have a significant influence on household expenditures. While the stereotype of frugal retirees has evolved and active seniors are now portrayed as high spenders, the Covid-19 pandemic highlighted seniors' practical and realistic approach to their spending and challenged the popular notion of a lifestyle of forever-young seniors. Seniors still prioritise essential goods and services. During the pandemic, health-related expenditures increased, and they adapted their leisure activities to home-based alternatives. Our study investigates whether pre-retirees and retirees have shifted from prioritising retirement savings to focusing on essential needs like healthcare and housing, or whether they are allocating resources for experiences and travel to enhance their quality of life before and after retirement. Seniors exhibit distinct consumption patterns, with higher expenditures on health, personal care, and leisure activities than younger age groups. Consequently, businesses and policymakers need to develop strategies that account for the diverse consumption patterns of seniors, rather than assuming they will adopt the preferences of younger generations. The silver economy represents a dynamic and expanding market, particularly in the health and social care sector, offering substantial opportunities for investment.

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Internal migration from and to municipalities in Slovakia with the highest proportion of people living in Roma settlements

The municipalities in Slovakia in which the majority of people live in Roma settlements are characterised by several specific features. However, only limited attention has been paid to the process of migration and especially internal migration. The main goal of this article is the analysis of internal migration in selected municipalities with the highest proportion (more than 80%) of people living in Roma settlements. We tried to identify both the total volume and intensity of internal migration from and to the analysed municipalities, along with the available structural characteristics of the persons who changed their permanent residence. The results we obtained confirmed lower migration dynamics in these municipalities. We also found that economic factors do not play a significant role in migration within Slovakia. The most important reasons for migration were housing, for younger people following a family member who migrated, and, in older age groups, health reasons, especially in the case of emigrants. Factors behind the younger age of migrants from and to these municipalities include the fact that these migrants tend to complete education and begin some family transitions (childbearing, marriage) earlier than the majority population. Higher chances of migration were confirmed for more educated persons and, except among younger people, for people who not married. The results also confirmed the relatively narrow geographical area in which migration occurs, with most moves taking place over a short distance.

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