The purpose of this study is to compare the consumption expenditures and savings of Korean baby boomer generation households and those of generation X households and find out the influences of key demographic variables. The data from the 2000 Annual R...
The purpose of this study is to compare the consumption expenditures and savings of Korean baby boomer generation households and those of generation X households and find out the influences of key demographic variables. The data from the 2000 Annual Report on the Family Income and Expenditure Survey published by the Korea National Statistical Office were used and 1,129 baby boomer generation households and 937 generation X households were selected. Baby boomer generation households had significantly larger average after-tax monthly household income and expenditures than generation X households, but there was no difference in average monthly savings amount between the two households. In expenditures, there were significant differences in 8 expenditure categories between the two households. In terms of the composition percentage of consumption expenditures, baby boomer generation households spent more on education expenditures than generation X households, while generation X households spent more on leisure-related expenditures than baby boomer generation households. The results showed significant differences in the influences of the determinants of consumption expenditures and savings between baby boomer generation households and generation X households.