Spending Habits by Generation

"Move over, baby boomers: millennials are now America’s largest generation.* Over the past few years, my colleagues and I at the Bureau of Labor Statistics have gotten a lot of questions about millennials’ spending habits. As more millennials enter the workforce, the purchasing power of this generation increases, and both marketers and researchers are interested in how millennials choose to spend their paychecks.

So we decided to start sorting our data on American spending habits by generation two years ago. We now have a much better idea of household spending for millennials, Gen X, baby boomers, the Silent Generation and Greatest Generation..."
Spending habits