Here’s how Americans’ yearly budgets change when broken down by generation.
By Adwait · 2 days ago · 24.4k reads
Using data from the Bureau of Labor Statistics, Preethi Lodha mapped out how each generation of Americans spend their money, on average.
Last year the average American spent around $60,000. The average member of Gen Z spent the least ($41,636) and the average Gen X-er spent the most ($83,357).
All the generations have one thing in common: they’ve all spent more than 30 percent of their annual spend on housing, whereas no generation has spent more than six percent of its annual spend on entertainment.