Fact or Event: Savings rates are below suggested levels for all three generations

Link: Assuming people from each generation save all of the post-tax income they don’t spend in the defined categories, We found that millennials and baby boomers both save less than 10% of their post-tax income, while Generation Xers save about 16%.

Comments: Those are all below the recommended savings rate of 20%, according according to a 50/30/20 budget plan.

Fact or Event: Housing and healthcare spending vary the most by generation as a percentage of overall spending.

Link: Housing spending as a percentage of overall spending decreases as we look at older groups, with millennials allocating the highest percentage to rent and housing costs and baby boomers the lowest. By contrast, healthcare spending increases with each older generation.

Comments: On average, healthcare spending makes up 9.5% of total spending for baby boomers compared to only 5.4% for millennials.

Fact or Event: Gen Xers have the highest post-tax incomes and spend the most.

Link: Millennials, Gen Xers and baby boomers had average post-tax incomes of $58,628, $88,794 and $67,950, respectively, in 2018. Of their post-tax income, millennials spent an average of $52,874 a year, while Gen Xers spent $74,683 and baby boomers spent $63,325 a year.

Comments: That means Gen Xers outspend millennials and baby boomers by 41% and 18% respectively

Fact or Event: This happened

Link: Here's some onfo

Observations or Implications: Book sales are up