Attachment M(c) Under25 Spending Summary

Millennial Spending

Spending Patterns of Households with a Householder
Born 1981 or Later

Household Characteristics

27.9
1.5
67%

average age of
household
average number of
earners in household
percent of households
are renters

Average Income
Before Taxes

$65,373

Proportion of
Average
Average
Proportion of
Household
Annual
Annual
Household
Budget
Expenditures
Expenditures
Budget
Food
Food
$6,316
14.7%
$6,316
13.0%
Housing
Housing
34.9%
$16,959
$16,959
34.9%
Apparel
Appareland
andServices
Services
$1,753
3.6%
3.6%
$1,753
Transportation
$8,426
17.3%
17.3%
$8,426
Healthcare
$2,473

Total Average Annual
Expenditures

$48,576

5.1%

Entertainment
5.1%
$2,473
$2,311
4.8%
Other
$2,311
4.8%
$10,338
21.3%
Source: 2016 Consumer Expenditure Survey
U.S. Department of Labor
Bureau of Labor Statistics

bls.gov