Which generation spends the most? What do they spend it on? Boomers, Generation X, Gen Z, Millenials? The average American in 2021 spent just over $60,000, but how is that money spent? How does it compare by generation?
The chart above, by Preethi Lodha, shares the expenditures of 5 generations of Americans:
- Silent (Pre 1945)
- Baby Boomers (1946-1964)
- Generation X (1965-1980)
- Millennials (1981-1996)
- Generation Z (1997 or Later)
Consumer Expenditures show you how much Americans spend on things. Most consumer spending falls into the larger categories of food, housing, transportation, healthcare, and other goods/services.