"That is a higher figure than for nearly every other year on record, apart from around 2000, when households headed by people ages 22 to 37 earned about the same amount — $67,600 in inflation-adjusted dollars," reports Pew.
Millennial households "now earn more than young adult households did at nearly any time in the past 50 years," Pew adds, though it may not be for the reason you expect: "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."
In 2017, 78 percent of women in millennial households worked at least 50 weeks over the course of the year; in 2000, 72 percent did. And "the median earnings of women working full time for a full year (in households headed by people ages 22 to 37) rose from $37,100 in 2000 to $39,000 in 2017," according to Pew.
It's not just this age group that saw their earnings increase: Incomes of households headed by baby boomers — defined as those age 54 to 72 — are also at record levels. For this group, Pew notes, "the typical household income was $77,600 in 2017, outpacing the previous record for households in the 54-to-72 age group ($75,800 in 2007)."
Generation X households, those headed by people age 38 to 53, are earning a median of $85,800, which is about the same amount this age group earned at their peak: $86,200 in 2000.
Overall, the Census Bureau found that the median US household income rose 1.8 percent in 2017 and reached a new high of $61,372.