Median incomes of U.S. households are rising again, and “those headed by a Millennial (someone age 22 to 37) now earn more than young adult households did at nearly any time in the past 50 years,” according to the Pew Research Center.
The median adjusted income in a millennial-headed household was $69,000 in 2017. “That is a higher figure than for nearly every other year on record, apart from around 2000, when households headed by people ages 22 to 37 earned about the same amount — $67,600 in inflation-adjusted dollars.”
The center, analyzing new U.S. Census data, said millennial women are partly responsible for the increase because they “are working more — and being paid more — than young women were in previous years.”
“Incomes of households headed by 54- to 72-year-olds, Baby Boomers today, are at record levels, while those of current Generation X households (ages 38 to 53) are about the same as the peak earnings of similarly aged households in the past,” the center said.
Sign up for Daily E-news
