Young adult households are earning more than most older Americans did at the same age
The median adjusted income in a household headed by a Millennial was $69,000 in 2017. The previous peak for households headed by people ages 22 to 37 was in 2000.
Numbers, Facts and Trends Shaping Your World
Read our research on:
Richard Fry is a senior researcher at Pew Research Center. He is an expert on school and college enrollment in the United States, as well as the returns to education in the labor market and marriage market, and its connection to household economic well-being such as net worth. Fry’s analyses are largely empirical, as he has extensive expertise analyzing U.S. Census Bureau and other federal data collections. Before joining Pew Research Center in 2002, he was a senior economist at the Educational Testing Service. Fry received his doctorate in economics from the University of Michigan. Fry regularly documents U.S. educational and enrollment milestones, the economic well-being of the nation’s young adults, the role of student debt in financing college education, and the changing relationship between education and marriage and cohabitation.
