It’s time to kiss the club scene goodbye. Or at least be prepared to do it once you hit 30.
A new paper, written by economists at Princeton and the University of Chicago, pinpoints how spending habits change over the course of adulthood. The verdict? Overall spending—on everything from food and housing, transportation and even personal grooming—peaks at age 50, while cash spent on going out (and the expenditures that accompany it) peaks in our 20s.