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February 1998, Vol. 121,
No. 2
Geoffrey Paulin
Economist, Division of Consumer Expenditure
Surveys, Office of Prices and Living Conditions, Bureau of Labor
Statistics
Brian Riordan
Economist, Division of Consumer Expenditure
Surveys, Office of Prices and Living Conditions, Bureau of Labor
Statistics
In terms of various income and expenditure measures, young single adults in 1994-95, members of "Generation X," appear to be economically worse off than were their baby-boom counterparts in either 1972-73 or 1984-85. This article examines various measures of economic well-being for 18- to 29-year-old single persons in three periods: 1972-73 (Boomers I), 1984-85 (Boomers II), and 1994-95 (Generation X). Using data from the Consumer Expenditure Survey, it analyzes differences in incomes and spending patterns to see how, if at all, these measures have changed, and how today's young singles are indeed "making it on their own."
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