Friday, June 16, 2017

Average Household Spending by Generation, 2015

The average household spent $55,978 in 2015. Households headed by Millennials and Older Americans (age 70-plus) spend less than average, while Boomers and Gen Xers spend more than average. Gen Xers are filling the peak earning and spending age group. Their average annual household spending is the highest...

Average household spending by generation, 2015
Millennials (under 39): $51,200
Gen Xers (39 to 50): $67,700
Boomers (51 to 69): $59,400
Older (70 or older): $42,700

Source: Bureau of Labor Statistics, 2015 Consumer Expenditure Survey

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