Figures and tables in The Baby Boomers Revisited | International Journal of Microsimulation

This article contains 7 figures and 10 tables.

Figures

**Figure 1.** Proportions of baby boomers living with dependent children, by gender, 2004. Note: ‘Baby boomers’ is defined colloquially here as persons aged 45 to 64 years.Data source: ABS *2003-04 Survey of Income and Housing* unit record data.

**Figure 2.** Proportions of baby boomers who have retired, by age, gender and marital status, 2004. Note: ‘Baby boomers’ is colloquially defined here as persons aged 45 to 64 years. ‘Retired’ is defined here as those who are not in the labour force.Data source: ABS *2003-04 Survey of Income and Housing* unit record data.

**Figure 3.** Proportions of baby boomer home-owning households, by age and household type, 2004. *Notes:* Mixed households (for example two-family or group households) are excluded from the data above. The sample sizes were too small to provide reliable estimates for one parent households with the reference person aged 55+ and this group has been excluded from the table above. ‘Baby boomer’ households is colloquially defined here as those with a reference person aged 45 to 64 years.Data source: ABS *2003-04 Survey of Income and Housing* unit record data (reproduced in Table A1).

**Figure 4.** Proportions of baby boomer households that own their home without a mortgage and house values by state/territory, 2004. *Notes:* Mixed households (for example two-family or group) are excluded. ‘Baby boomer households’ is colloquially defined here as those with a head aged 45 to 64 years. Average house values are for all baby boomer home owners, not just those who own their home outright.Data source: ABS *2003-04 Survey of Income and Housing* unit record data.

**Figure 5.** Proportions of baby boomer households that have any form of debt and average amount of debt, by state/territory, 2004. *Notes:* Mixed households (for example two-family or group households) are excluded. ‘Baby boomer’ households are colloquially defined here as those with a reference person aged 45 to 64 years.Data source: ABS *2003-04 Survey of Income and Housing* unit record data.

**Figure 6.** Average per adult net worth and share of total household net wealth held, by age of household head, 2004. *Notes:* Mixed households (for example two-family or group households) are excluded from this analysis. A definition of ‘net worth’ is provided in the technical notes. The percentages in the figure are shares of total wealth. Looking at population shares rather than wealth shares, 3% of adults (excluding dependent children) live in a household headed by a person under 25 years of age, 17% in a household headed by a 25-34 year old, 23% by a 35-44 year old, 22% by a 45-54 year old, 16% by a 55 to 64 year old, and 19% by a 65+ year old.Data source: ABS *2003-04 Survey of Income and Housing* unit record data.

**Figure 7.** Share of wealth held by baby boomers and average per adult net worth, by baby boomer wealth quartile, 2004. *Notes:* Mixed households (for example two-family or group households) are excluded. Only baby boomer households are considered in scope, with ‘baby boomer’ households here being colloquially defined as those with a reference person aged 45 to 64 years. Each single person or partner within a couple household within this ‘baby boomer’ age range is ranked by their per adult net worth and then assigned to a baby boomer wealth quartile. The poorest 25% of adults are assigned to Quartile 1 and the richest 25% to Quartile 4.Data source: ABS *2003-04 Survey of Income and Housing* unit record data

Tables

Table 1. Distribution of people aged 45-64 by family type, 2004

	Member of a couple with dependent children	Member of a couple only	A sole parent with dependent children	A single person
	%	%	%	%
Male
45-49	55.1	23.8	1.7	19.5
50-54	35.4	43.4	1.8	19.4
55-59	17.7	63.9	0.8	17.6
60-64	7.6	73.3	0.2	19.0
Overall	31.5	48.4	1.2	18.9
Female
45-54	44.6	31.9	9.2	14.2
50-54	22.3	54.1	3.7	19.9
55-59	6.9	69.6	1.1	22.4
60-64	2.2	70.6	1.2	26.1
Overall	21.5	54.3	4.3	20.0

Source: ABS 2003-04 Survey of Income and Housing unit record data.

Table 2. Labour force participation rates by gender, age and marital status, 1986-2006

Gender and Age	Marital Status	Participation Rate
Gender and Age	Marital Status	Nov 1996	Nov 2001	Nov 2006	10-yr change	5-yr change
		%	%	%	% points	% points
Male
45-54	Married	90.9	90.7	91.9	1.1	1.2
	Not married	75.9	75.3	76.1	0.2	0.8
55-59	Married	76.9	75.6	79.6	2.7	4.0
	Not married	66.2	58.8	62.2	-4.0	3.5
60-64	Married	46.6	48.9	58.5	11.9	9.6
	Not married	33.9	37.7	42.6	8.7	4.9
65+	Married	10.3	11.7	14.8	4.5	3.1
	Not married	6.7	6.5	7.6	0.9	1.1
All ages (15+)	Married	75.2	74.5	74.9	-0.3	0.4
	Not married	69.5	67.1	66.5	-3.0	-0.6
Female
45-54	Married	68.4	71.9	77.4	8.9	5.4
	Not married	69.7	68.6	73.5	3.8	4.9
55-59	Married	40.9	49.2	58.7	17.8	9.5
	Not married	46.0	49.8	61.7	15.7	11.8
60-64	Married	18.2	22.6	31.8	13.6	9.2
	Not married	16.2	27.6	36.6	20.4	8.9
65+	Married	3.7	4.9	6.9	3.2	2.0
	Not married	2.5	2.0	2.8	0.3	0.8
All ages (15+)	Married	54.9	57.6	60.2	5.2	2.6
	Not married	51.9	51.3	53.4	1.5	2.2

Source: ABS, 2006b.

Table 3. Proportion of those employed that are working part-time by gender, age and marital status, 1986-2006

Gender and Age	Marital Status	Proportion working part-time
Gender and Age	Marital Status	Nov 1996	Nov 2001	Nov 2006	10-yr change	5-yr change
		%	%	%	% points	% points
Male
45-54	Married	4.7	6.6	7.4	2.7	0.8
	Not married	10.6	10.1	14.0	3.4	3.9
55-59	Married	10.3	12.8	12.2	1.9	-0.6
	Not married	14.7	15.6	17.0	2.4	1.4
60-64	Married	18.8	22.2	24.5	5.7	2.4
	Not married	17.1	22.8	26.0	9.0	3.2
65+	Married	45.8	41.4	41.8	-4.0	0.4
	Not married	36.9	48.2	42.6	5.7	-5.6
All ages (15+)	Married	6.7	8.6	9.7	3.0	1.1
	Not married	20.5	24.4	25.1	4.6	0.7
Female						0.0
45-54	Married	45.6	46.2	42.3	-3.3	-3.9
	Not married	28.5	32.8	30.5	2.1	-2.3
55-59	Married	53.8	53.4	49.7	-4.1	-3.7
	Not married	40.3	34.0	30.6	-9.6	-3.3
60-64	Married	65.4	62.3	58.0	-7.4	-4.3
	Not married	36.6	53.6	38.8	2.2	-14.8
65+	Married	71.8	73.1	69.0	-2.8	-4.1
	Not married	71.7	65.6	57.1	-14.6	-8.5
All ages (15+)	Married	46.3	46.7	45.9	-0.4	-0.8
	Not married	38.2	42.9	42.2	4.0	-0.7

Source: ABS, 2006b.

Table 4. Proportions of baby boomer households having debt by age and household type, 2004

Age Group	Household Type	Any debt	Credit card debt	Rental property loans	Investment loans	Home mortgage	HECS debt
		%	%	%	%	%	%
45-49	Couple only	83.9	66.6	13.7	3.7	43.3	1.9
	Couple with children	89.0	76.8	14.5	5.5	53.2	16.7
	One Parent with children	70.7	50.7	2.2	0.8	38.1	12.4
	Lone Male	64.0	49.8	5.7	1.8	34.5	1.1
	Lone Female	64.2	55.7	6.5	0.8	40.4	7.6
	All 45-49	81.6	68.1	11.5	4.0	47.3	11.8
50-54	Couple only	79.3	66.0	11.5	3.4	37.6	1.7
	Couple with children	84.2	68.4	14.5	5.8	45.5	22.7
	One Parent with children	64.9	51.3	4.3	.	25.1	17.6
	Lone Male	57.4	39.3	2.5	1.6	30.7	2.1
	Lone Female	66.0	56.7	5.2	1.8	29.5	3.0
	All 50-54	76.6	62.0	10.7	3.9	38.7	12.0
55-59	Couple only	72.6	63.9	7.7	3.3	23.7	1.0
	Couple with children	77.7	62.9	9.7	4.9	30.1	24.8
	Lone Male	48.4	39.6	1.1	2.3	23.8	1.1
	Lone Female	60.4	50.3	4.8	2.3	25.6	1.0
	All 55-59	69.4	58.8	7.1	3.5	25.8	7.8
60-64	Couple only	63.7	59.2	3.9	1.5	10.2	0.1
	Couple with children	74.6	59.4	8.9	3.8	21.9	22.6
	Lone Male	47.9	41.3	1.4	0.6	15.8
	Lone Female	40.6	38.4	0.9		4.2	1.3
	All 60-64	59.4	53.2	3.9	1.5	11.9	4.1
All	Couple only	72.8	63.3	8.2	2.8	25.2	1.0
	Couple with children	84.4	70.4	13.3	5.4	44.4	20.4
	One Parent with children	68.9	50.9	2.9	0.5	33.9	14.1
	Lone Male	55.3	42.8	2.9	1.6	27.2	1.2
	Lone Female	57.1	49.7	4.2	1.2	23.6	2.8

All 45-64		73.2	61.4	8.8	3.4	33.2	9.5

Note: The percentages represent the proportion of that group that have that form of debt. For example, 66.6% of Couple Only households with a reference person aged 45-59 have a credit debt. Any debt indicates that debt related to credit cards, rental property loans, investment loans, a mortgage or HECS is greater than zero. ‘Baby boomer’ households are colloquially defined here as those with a reference person aged 45 to 64 years.

Source: ABS 2003-04 Survey of Income and Housing unit record data.

Table 5. Average weekly household expenditure by age of the reference person and type of expenditure, 2004

	Age of household reference person			All ages
	<45 years	45-64 years	65+ years	All ages
	$ per week	$ per week	$ per week	$ per week
Housing costs	198	122	69	144
Domestic fuel & power	24	26	18	24
Food & non-alcoholic beverages	160	171	101	152
Alcoholic beverages	23	27	11	22
Tobacco products	12	13	4	11
Clothing & footwear	39	40	17	35
Household furnishings & equipment	62	56	29	53
Household services and operation	62	55	35	54
Medical care & health expenses	38	60	41	47
Transport	147	164	70	137
Recreation	120	132	71	114
Personal care	17	21	11	17
Miscellaneous goods & services	87	92	35	78
Mortgage repayments-principal	59	34	2	38
Other capital housing costs	94	66	16	68
Superannuation & life insurance	19	38	7	23
Total expenditure	1,163	1,117	535	1,016
Total household Income from all sources	1,253	1,270	540	1,111

Note: Total Expenditure includes selected other minor payments and may not be the sum of the items above. Income tax paid is not included within total expenditure. ‘Baby boomer’ households are colloquially defined here as those with a reference person aged 45 to 64 years.

Source: ABS 2003-04 Household Expenditure Survey unit record data.

Table 6. Average weekly household expenditure by baby boomer households by family type and type of expenditure, 2004

	Couple Only	Couple with Dependent Children	One Parent with Children	Lone Male	Lone Female	All
	$ per week	$ per week	$ per week	$ per week	$ per week	$ per week
Housing costs	101	149	124	104	110	122
Domestic fuel & power	26	33	26	17	17	26
Food & non-alcoholic beverages	156	246	156	72	71	171
Alcoholic beverages	28	36	11	23	7	28
Tobacco products	11	16	10	15	7	13
Clothing & footwear	34	62	50	6	18	40
Household furnishings & equipment	61	64	38	25	48	56
Household services and operation	51	73	52	26	36	55
Medical care & health expenses	70	72	39	31	29	60
Transport	155	233	123	71	77	165
Recreation	123	183	129	58	60	132
Personal care	20	30	15	3	13	21
Miscellaneous goods & services	72	142	84	42	36	92
Mortgage repayments-principal	23	52	21	26	22	34
Other capital housing costs	18	120	53	26	63	66
Superannuation & life insurance	57	38	13	18	17	38
Total expenditure	1004	1549	943	563	631	1119
Total household income from all sources	1101	1837	992	683	555	1271

Note: ‘Total Expenditure’ includes selected other payments and may not be the sum of the items above. Income tax paid is not included within total expenditure. ‘Baby boomer’ households are colloquially defined here as those with a reference person aged 45 to 64 years. Note that we believe that there is sampling error in the data for spending by female lone persons on capital housing costs (which includes extensions and renovations and the purchase of other investment properties). There are four outlying observations in the sample data for this group who spend between $2110 and $4251 a week on such capital housing costs: in contrast, there are no values over $2000 a week for single males. The estimates for ‘other capital housing costs’ should thus be treated with some caution, as should the total expenditure for single female households.

Source: ABS 2003-04 Household Expenditure Survey unit record data.

Table 7. Average per adult net worth, by age of the household reference person, Australia, 2004

Age Group of H’hold Reference Person	Average Per Adult Net Worth					Share of total household net worth
Age Group of H’hold Reference Person	1^st Quartile (Poorest 25%)	2^nd Quartile	3^rd Quartile	4^th Quartile (Richest 25%)	Average within age group	Share of total household net worth
	$	$	$	$	$	%
<25	2,200	12,600	31,100	111,600	39,500	0.3
25-34	15,400	62,700	125,900	285,900	122,500	7.4
35-44	37,400	127,300	219,100	540,800	231,400	19.0
45-54	61,800	191,000	323,500	784,600	340,500	26.0
55-64	78,400	219,000	371,800	1,077,700	437,100	24.3
All Baby Boomer Households	68,300	202,300	342,500	910,400	381,100	50.3
65+	60,700	189,100	328,600	958,600	384,400	22.9
All Households	48,800	153,000	265,400	701,900	292,500	100.0
Equity in Home (Value Per Adult)
All Baby Boomer Households	29,400	114,100	179,700	320,300	161,000

Note: The definition of net worth is based on the ABS definition. This definition includes more assets than were included in previous AMP.NATSEM Income and Wealth Reports. For example, the value of vehicles, contents of the home and collectibles were all previously excluded but are now part of the estimated net worth value. Mixed family households (for example two-family or group households) are excluded. ‘Baby boomer’ households are colloquially defined here as those with a reference person aged 45 to 64 years. Each single person or partner within a couple household within each age range is ranked by their per adult net worth and then assigned to an age-specific wealth quartile. The poorest 25% of adults within an age band are assigned to Quartile 1 and the richest 25% to Quartile 4. The technical notes contain more details. The quartiles are within the specified age groups.

Source: ABS 2003-04 Survey of Income and Housing unit record data.

Table 8. Distribution of baby boomers, by wealth quartile and type of household, Australia, 2004

Household Type	Average Net Worth Quartile				Share of Adults	Share of Net Worth
Household Type	1^st Quartile (Poorest 25%)	2^nd Quartile	3^rd Quartile	4^th Quartile (Richest 25%)	Share of Adults	Share of Net Worth
	%	%	%	%	%	%
Couple only	22.2	25.8	24.9	27.1	37.1	44.1
Couple with children	22.7	26.5	27.0	23.9	46.1	48.3
One Parent with children	41.2	18.3	18.3	22.1	2.5	1.1
Lone Male	36.7	18.7	20.0	24.6	7.1	3.4
Lone Female	36.6	19.3	21.1	23.0	7.2	3.2
All	25.0	25.0	25.0	25.0	100.0	100.0

Notes: Mixed households (for example two-family or group households) are excluded. ‘Baby boomers’ are defined here as those adults living in a household with a reference person aged 45-64 (excluding older dependent children still living in the parental home). Each single person or partner within a couple household within this ‘baby boomer’ age range is ranked by their per adult net worth and then assigned to a baby boomer wealth quartile. The poorest 25% of adults are assigned to Quartile 1 and the richest 25% to Quartile 4.

Source: ABS 2003-04 Survey of Income and Housing unit record data.

Table 9. Average financial assets per adult, by age of the household reference person, Australia, 2004

Age Group of H’hold Ref Person	Average net worth per person quartile					Share of total household financial assets
Age Group of H’hold Ref Person	1^st Quartile (Poorest 25%)	2^nd Quartile	3^rd Quartile	4^th Quartile (Richest 25%)	Average within age group	Share of total household financial assets
	$	$	$	$	$	%
<25	1,300	4,400	8,100	17,400	7,800	0.3
25-34	7,200	18,500	25,200	55,600	26,600	5.8
35-44	11,000	29,700	45,100	118,000	51,000	15.3
45-54	14,800	44,900	86,100	235,200	95,300	26.6
55-64	16,800	45,100	111,600	373,600	136,900	28.0
65+	10,200	31,300	67,600	328,500	109,500	24.0
All	11,700	33,100	64,300	210,200	79,900	100.0

Notes: Mixed households (for example two-family or group households) are excluded. The quartiles are based on per person net worth within each age group (that is, the quartiles are the same as those used in Table 7). Each single person or partner within a couple household within each age range is ranked by their per adult net worth and then assigned to an age-specific quartile. The poorest 25% of adults within an age band are assigned to Quartile 1 and the richest 25% to Quartile 4.

Source: ABS 2003-04 Survey of Income and Housing unit record data.

Table A1. Housing tenure of baby boomers by type of household, Australia, 2004

Household type and age group of reference person	Tenure				Total homeowners	Outright owners as proportion of homeowners
Household type and age group of reference person	Owner without mortgage	Owner with mortgage	Renter	Other	Total homeowners	Outright owners as proportion of homeowners
	%	%	%	%	%	%
Couple Only
45-49	35.5	43.3	21.2	-	78.8	45.1
50-54	50.8	37.4	11.1	0.8	88.2	57.6
55-59	65.7	23.7	9.3	1.3	89.4	73.5
60-64	81.5	9.6	6.5	2.3	91.1	89.5
Couple with children
45-49	35.3	52.9	10.1	1.8	88.2	40.0
50-54	43.5	45.4	10.1	1.0	88.9	48.9
55-59	57.9	30.1	11.2	0.8	88.0	65.8
60-64	66.6	21.9	10.5	1.1	88.5	75.3
One Parent
45-49	18.7	37.2	39.8	4.3	55.9	33.5
50-54	28.8	25.1	41.5	4.6	53.9	53.4
Lone Male
45-49	29.3	34.5	34.8	1.3	63.8	45.9
50-54	25.7	30.7	43.1	0.5	56.4	45.6
55-59	40.2	23.8	32.1	3.9	64.0	62.8
60-64	52.3	14.4	28.4	4.8	66.7	78.4
Lone Female
45-49	21.3	40.4	36.9	1.4	61.7	34.5
50-54	32.7	29.5	35.2	2.6	62.2	52.6
55-59	42.7	25.6	29.8	1.9	68.3	62.5
60-64	66.2	3.5	28.2	2.1	69.7	95.0
ALL
45-49	31.9	47	19.5	1.7	78.9	40.4
50-54	41.4	38.7	18.7	1.3	80.1	51.7
55-59	57.1	25.8	15.5	1.6	82.9	68.9
60-64	72.4	11.2	13.9	2.4	83.6	86.6
All Baby boomers	48.1	33	17.3	1.7	81.1	59.3

Notes: Mixed households (for example two-family or group households) are excluded from the data above.The sample sizes were too small to provide reliable estimates for one parent households with the reference person aged 55+ and this group has been excluded from the table above.‘Baby boomer’ households are colloquially defined here as those with a reference person aged 45 to 64 years. All of the results are for households.

Source: ABS 2003-04 Survey of Income and Housing unit record data.