Fun Facts about Millennials: Comparing Expenditure Patterns from the Latest through the Greatest Generation

Abstract

This article compares the spending patterns of Millennials with those of earlier generations. The analysis uses data from a 2015 Consumer Expenditure Surveys experimental table, which provides information on generational demographics, income, and expenditures. Although some patterns, particularly those related to demographics, are different across generations, others are substantially similar, especially with respect to shares of expenditures allocated to food and apparel. generations. dwellings, personal