In 2023, the disposable income of a household led by a Millennial in the United States was 97,866 U.S. dollars per year. Households led by someone born in Generation X, however, had a disposable income of around 113,886 U.S. dollars in 2023.

In the first quarter of 2024, 51.8 percent of the total wealth in the United States was owned by members of the baby boomer generation. In comparison, millennials own around 9.4 percent of total wealth in the U.S. In terms of population distribution, there is almost an equal share of millennials and baby boomers in the United States.

According to a study on high-net-worth (HNW) collectors worldwide, Millennials had the highest median expenditure on digital art in the first half of 2024. Overall, collectors from this generation reported a median spending of 8,230 U.S. dollars on such artworks. Meanwhile, Boomers recorded a median expenditure of 1,015 U.S. dollars on digital art during the same period.

Income quintiles are assigned based on equivalized household disposable income, which takes into account differences in household size and composition using a method proposed by the Organization for Economic Co-operation and Development (OECD). The OECD-modified" equivalence scale assigns a value of 1 to the first adult Age groups refer to the age group of the major income earner. This refers to the main source of income for the household, that is, wages and salaries, self-employment income, net property income, current transfers received related to pension benefits, or other current transfers received from non-pension related sources.
Self-employment income refers to mixed income related to non-farm and farm businesses. Household rental income is not included. Revenues from Current transfers received - pension benefits relate to current transfers received from corporations for employer's pension plans and current transfers received from government for the Canada and Québec pension plans (CPP/QPP) and the Old Age Security program including the Guaranteed Income Supplement (OAS/GIS). Revenues from Current transfers received - others, relate to all other current transfers received not included in Current transfers received - pensions benefits, that is, it includes current transfers from the government sector except for the Canada and Québec pension plans (CPP/QPP) and from the Old Age Security Program (OAS) and the Guaranteed Income Supplement (GIS). It also includes current transfers from Non-profit institutions serving households (NPISH) and from the non-residents sector. Owner/Renter refers to the housing tenure of a household. Households that have subsidized rents (partially or fully) are included under Renter. Distributions by generation are defined as follows and are based on the birth year of the major income earner : pre-1946 for those born before 1946, baby boom for those born between 1946 and 1964, generation X for those born between 1965 and 1980 and millennials for those born after 1980. Note that generation Z has been combined with the millennial generation as their sample size is relatively small. Distribution of value" is the share of a component of income Value per consumption unit reflects the Statistics value" divided by the number of consumption units

This statistic shows the results of a survey conducted in Germany on the share of millennials among the population, broken down by their net income in 2021. That year, among millennials aged 26 to 31 years, 3.9 percent had no own income, while 7 percent earned less than 500 euros.

Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas, annual.

This statistic shows the number of high earning 25 to 34-year-old Americans in 2023, by sources of income. In 2023, around 5.4 million people between 25 and 34 years old whose annual income was 100,000 U.S. dollars or more obtained that income through wages and salary.

This statistic shows the average annual total money earnings of individuals in the United States in 2023, by age group. In 2023, the average worker in the United States aged 45 to 54 earned an average of 84,320 U.S. dollars per year. That made 45 to 54-year-olds the highest earning age group, on average, in 2023.

According to a survey among premium Millennial shoppers, the share of affluent Millennials earning between 14 and 20 million Vietnamese dong reached around 45 percent of respondents. The average income of total respondents who were affluent Millennials amounted to approximately 24 million Vietnamese dong per month.

The statistic illustrates the results of a survey about the annual income of millennials in Japan as of September 2017. In the period examined, the majority of millennials' households, about 37.2 percent, had an annual income of up to four million Japanese yen.

About 16 percent of homebuyers in the United States in 2023 had a median household income of over 200,000 U.S. dollars. This was the median income range with the largest share of homebuyers in the United States that year. The second-largest category was buyers with a median income of between 100,000 and 124,999 U.S. dollars who accounted for 15 percent of all buyers.

In 2023, the average expenditures in a household led by a Millennial in the United States came to 81,589 U.S. dollars per year. The only generation with higher expenditures were households led by someone from Generation X with around 95,692 U.S. dollars per year.

Millennials were the leading customer groups of personal luxury goods, accounting for 46 percent of all luxury goods spending worldwide. Born between 1961 and 1996, Millennials, or Gen Y, also represents the second-largest group with the highest disposable income in the United States. How do Millennials and Gen Z engage with luxury goods and services? With their increasing share in employment and wealth creation, younger generations play an increasingly important role across consumer industries worldwide. As digitally savvy generations, they not only use online channels to make purchases, but also research, follow, and get inspiration for new styles and brands. According to the results of a recent survey, luxury consumers aged between 19 and 41 were more keen on engaging with brands on social media, such as following an influencer or sending private messages to brands. State of the personal goods industry Worldwide, the personal luxury goods market remains relevant after bouncing back from the economic downturn of 2020. Based on Statista’s Consumer Market Insights, the personal luxury goods market was worth over 474 billion U.S. dollars in 2024. The country spearheading the luxury goods revenue was the United States. U.S. consumers were also the main customers of the luxury goods industry, as one-third of the market revenue came from American nationals making luxury goods purchases.

This statistic represents the distribution of monthly expenses of millennials across India in 2018, based on type. During the surveyed time period, millennials scross the country spent 12.4 percent of their monthly salary on personal grooming.

This statistic depicts the share of Millennials with private health insurance in Australia as of June 2017, by yearly household income. As of June 2017, about 73.1 percent of the respondents with an annual household income of more than 150 thousand Australian dollars had private health insurance in Australia.

In 2024 men aged between 50 and 59 were the highest full-time earners in the United Kingdom among different gender and age groups, with men of different ages consistently earning more than women.

Approximately 75 percent of Americans aged 25 to 33 who bought a home were first-home buyers, whereas 44 percent of home buyers between 34 and 43 bought their first home in that year. Gen Z and Millennial first-time buyers It is no surprise that many Gen Z (18 to 24 years old) and Millennial (25 to 43 years old) home buyers are mostly first-time home buyers. These home buyers are in the early stages of their careers, or still studying in some cases, and often struggling to repay student debt, so they need to save for many years before they afford a down payment. When do they sell? These generations tend to stay in their first homes for several years, which means that the majority of home sellers are older than them. The share of income needed to afford a trade-up home is significantly lower than the money needed for a starter home. A trade-up home is a larger and more expensive home, which homeowners often buy after living in their starter home, or their first home, for several years. This progression generally happens when homeowners have climbed the career ladder and increased their incomes.

This statistic depicts the results of a survey about the salary expectations of millennials aged 18 to 21 years in India as of July 2018, by education level. As of this date, around 27 percent of Generation Z respondents with a high school education in India expected a salary of between 50 to 100 thousand Indian rupees per month.