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With overall consumer expenditures 18.2% higher than millennials, Gen X spends 7.54% more of their income than millennials on vehicles and 10.6% more on tobacco.
Gilbert. Average monthly rent: $1,781 1 bedroom average rent: $1,476 2 bedroom average rent: $1,612 Total cost of living (monthly): $3,857 Median household income: $115,179 That’s Interesting ...
We know that the freelance economy is only growing with participation from Gen X at 27% and baby boomers at 9%, according to 2023 Statista data. The website also said it’s estimated that by 2027 ...
Gen X, born between 1965 and 1980, will be next to retire after the baby boom. ... a guaranteed source of retirement income. Gen X entered the workforce as pensions were fading.
Generation X (often shortened to Gen X) is the demographic cohort following the Baby Boomers and preceding Millennials.Researchers and popular media often use the mid-1960s as its starting birth years and the late 1970s as its ending birth years, with the generation generally defined as people born from 1965 to 1980.
But the soaring rents in big cities are now canceling out the higher wages. Back in 1970, according to a Harvard study, an unskilled worker who moved from a low-income state to a high-income state kept 79 percent of his increased wages after he paid for housing. A worker who made the same move in 2010 kept just 36 percent.
Gen X, those born between 1965 and 1980, are now between 44 and 59 years old and so should be in their peak earning years. Yet, according to a TransUnion study, just 26% of this cohort says their...
After adjusting for inflation, the median household income of Millennials exceeded those of Generation X and the Baby Boomers when they were at the same age. In terms of wealth (assets minus debts), student loan debt was a major problem for Millennials, however, though those with four-year degrees were out-earning their peers without higher ...