How Do Americans Spend Their Money, By Generation?

Data from the U.S. Bureau of Labor Statistics shows how each generation of Americans is spending their money.

The average American spent little over $60,000 annually in 2021. Where does all of their money go, though? Unsurprisingly, different age groups have very different spending habits.

According to the graphic prepared by Preethi Lodha using data from the U.S. Bureau of Labor Statistics (pdf below), there are significant differences between generations in how the average American ...

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