New research shows that older Americans receive significantly fewer gifts from strangers, but older Americans are also more likely to give to their families.
Researchers at Washington State University and the University of Michigan analyzed more than 1.5 million data from more than 20 years of Census Bureau data on gifts received, and they found that older adults are giving away less money and more to their family members than their younger counterparts.
The survey of more than 8,000 Americans found that Americans aged 65 and older have given away less than they do to their loved ones.
Older Americans also are giving more to family members and friends.
Researchers found that the number of gifts recipients received from strangers dropped in a decade after the recession hit.
The average number of strangers who gave money and gifts dropped by 9.5% from 2000 to 2012.
But the average number from relatives dropped by 8.5%.
The data also shows that younger Americans are giving gifts to family and friends less often, but are giving to more strangers.
The survey found that family members gave gifts to 7.5 times more strangers in the 1990s than they are now, compared to 3.7 times more now.
The study is the first to look at this data, and the findings could have implications for older Americans’ economic well-being.
The researchers looked at data from the census’s annual Social and Economic Supplement, which provides data on income, wealth and other demographic and economic statistics.
The Supplement is a collection of statistical data, including income, unemployment and household debt.