Daily News
From Home Furnishing Business
Fast Fact: Millennials’ Share of Furniture and Bedding Spending Up 4.5% Over 4 Years
April 22,
2019 by Laurie Northington in Business Strategy, Industry 
From 2014 to 2017, consumer spending among the five adult generations has shifted as Millennials continue to increase their share of consumer units, total consumer expenditures, and furniture and bedding spending, according to data from the U.S. Bureau of Labor Statistics.
At 25.1 percent in 2017, Millennials percent of consumer units jumped 3.8 percentage points over four years, while the older generations decreased.
In 2017, Baby Boomers controlled 36.1 percent of all total consumer expenditures, followed by Generation X at 32.3 percent, but Millennials are strengthening their foothold – up 3.9 percent from 2014 to 21.4 percent.
For furniture and bedding expenditures, Millennials continue to step up to spend more of their income on home furnishings than any other generation. While they still control only 24.6 percent of industry sales, the share has increased each year from 20.1 percent in 2014.
For an in-depth look at the numbers, click here.