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

That year, among millennials aged 26 to 31 years, *** percent had no own income, while * percent earned less than 500 euros.

In 2019, ** percent of the Millennials in the United States were not saving for retirement. Approximately ** percent of the Americans aged between 23 and 37 years old were saving between one and ten percent of their monthly income.

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 ****** U.S. dollars per year. That made ** to 54-year-olds the highest earning age group, on average, in 2023.

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.

This statistic depicts the results of a survey about the investment behavior of working millennials across India as of July 2018, by income level. As of this date, around 81 percent of millennial workers earning between ** and 100 thousand Indian rupees per month stated that they invested in fixed deposit, recurring deposit and public provident fund.

In 2023, full-time workers in their 40s had the highest average annual salary in the United Kingdom, earning on average around 39,491 British pounds a year, compared with 20,437 for people aged between 18 and 21.

Just like any other country in the world, Germany has its share of millennials. Broken down by gender, **** percent of German millennials were male and **** percent were female. The total age range is set from 26 to 40 years.

Marital status and children

The majority of millennials across the aforementioned age span, namely ** percent, were single, while almost ** percent were married. Some millennials were also divorced or even widowed. The highest share of millennials had no children aged under ** and only a very small share had ***** or more children under that age. In fact, ** percent of German millennials was living in a one-person household.

Occupation and income

The largest share of millennials was employed in a company full-time. Meanwhile, most had a net income of ***** to ***** euros. Higher salaries were increasingly rare.

Generation Z’s entry into the workforce has led to changing workplace expectations, in which Gen Z employees are willing to walk away if these expectations are not met. In 2022, ** percent of Gen Z employees in the United States said that they would walk away from a job due to an unsatisfactory salary, while ** percent said they would quit if the job caused burnout and lacked work-life balance. ** percent of Generation Z employees also reported that they would quit if there were no remote work options available. Gen Z at Work Due to challenges such as the COVID-19 pandemic and recent economic turmoil, there are unique factors influencing Generation Z employees looking for work. Many prospective Gen Z employees are entering the workforce at a time of historically low unemployment, with job openings also much higher than usual. As a result, Gen Z employees are more likely to apply to jobs that meet their expectations regarding salary and work-life balance. Gen Z’s desire for clear salary expectations has shown to be a major factor on whether they even apply for a job. Additionally, Gen Z employees are more likely to appreciate flexible working options, with ** percent saying that they preferred hybrid work while ** percent preferred for work to be fully remote. Importance of Education While Generation Z has been reported to be the most educated age group in the United States, only ** percent of Gen Z employees said that they were very satisfied with how well their education has prepared them for the workforce. Therefore, having the opportunity to continue learning at work is an important factor for Gen Z employees in the United States, who value career development and workplace training. In particular, ** percent of surveyed Gen Z employees said that they would want to receive leadership training at work, while ** percent wanted to receive training in mental health.

Millennials were the leading customer groups of personal luxury goods, accounting for ** 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 *** 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.

According to a 2020 survey of millennials in India, 47.9 percent of respondents with a monthly household income of more than 60,000 Indian rupees reported that they preferred a marriage partner from within the same socio-economic class. In comparison, 28.4 percent of millennials with monthly household incomes less than 10,000 Indian rupees reported having that same preference.

Approximately ** percent of Americans aged 26 to 34 who bought a home were first-home buyers, whereas ** percent of home buyers between 35 and 44 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.