Young Adult Households Are Earning More Than Most Older Americans Did at the Same Age

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After bottoming out in 2011, incomes are rising for American households—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 a Pew Research Center analysis of new census data.

The growth in household incomes among young adults has been driven in part by Millennial women, who 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.

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