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.
While the coronavirus pandemic has battered some industries, others have thrived despite the ongoing crisis, including technology and science.
In fact, according to new data from the Bureau of Labor Statistics, demand for jobs in math, science and technology will continue to surge over the next decade.
Hiring in the computer and information technology fields has faster projected growth between 2020 and 2030 than all other fields. The Bureau of Labor Statistics notes that demand for these workers stems from companies’ “greater emphasis on cloud computing, the collection and storage of big data, and information security.”
The coronavirus pandemic has expedited demand for other science and technology roles as well, including epidemiologists and information security analysts. “The prevalence of remote work has created additional need for network security and operations support,” Megan Slabinski, the district president for global talent solutions at recruitment firm Robert Half, tells CNBC Make It. Slabinski specializes in recruiting for technology positions.
Projected Growth Rate
Information security analysts
Data scientists and mathematical science occupations
Operations research analysts
Software developers and software quality assurance analysts, testers