On Aug 10, 7:37*am, "D. Peter Maus" wrote:

* *The reasons? Well, discretionary income is higher at this age, so
there is money for it. And after the work-a-day/family grind begins
to fade, adults begin to look at resuming the adventures they put on
hold in their 20's.

Yep, those were the days alright... Now, so many over-50's have had
their retirement accounts ravaged, their home equity gone deeply into
the red, if not their home's loss completely, and face a dismal job
market competing with 30-somethings, and are only a few years away
from, what used to be, a normal retirement age. So, they're are really
pinching pennies and squeezing nickels. Fortunately, I guessed right
in major matters. Thus, so far-so good [knock wood] but I am even
nervous of letting go of my money like I used to.

An over-50 buddy of mine told me he bought a yacht a few months ago.
I told him I hadn't heard that. He replied that he had really been
down playing it, because of the hard times the other over-50's friends
have been having and it was too awkward to bring it up.

Ciccio