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Politics

How Different American Generations Spend Money, Visualized | Digg

Here’s how Americans’ yearly budgets change when broken down by generation.

By Adwait · 2 days ago · 24.4k reads

From article…

Using data from the Bureau of Labor Statistics, Preethi Lodha mapped out how each generation of Americans spend their money, on average.

Key Takeaways

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.

Source: https://digg.com/money/link/how-american-generations-spend-money-visualized-2rrDpS6vpM