April 26, 2019

Average Income and Number of Earners of US Households, by Generation, June 2018 (dollars & average number of earners)

Description

This chart shows average annual income before taxes and the average number of earners of US households, broken out by generation for June 2018. Generations include millennials, gen x, baby boomers and seniors.

Methodology

Data is from the April 2019 US Department of Labor Bureau of Labor Statistics "Consumer Expenditure Survey: Midyear Update: July 2017-June 2018." Data collection is carried out by the US Census Bureau under contract with the Bureau of Labor Statistics. An interview survey is conducted wherein each consumer unit is interviewed every 3 months over 4 calendar quarters. This portion of the survey is designed to obtain data on the types of expenditures respondents can recall for a period of 3 months or longer and include relatively large purchases. Respondents are also asked to keep track of their purchases made each day for 2 consecutive one-week periods for a diary survey. This survey is meant to capture data on frequently purchased smaller items. Data is then integrated when possible.
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Chart Title

Average Income and Number of Earners of US Households, by Generation, June 2018 (dollars & average number of earners)

Publication Date

April 26, 2019