Millennials account for a greater share of furniture spending

Furniture spending graph

Millennials – Americans 22 to 37 years old – are increasing their share of consumer spending.

They aren’t neglecting furniture and bedding, according to the U.S. Bureau of Labor Statistics.

BLS reports in its newest Consumer Expenditure Survey that from 2014 to 2017, Millennials increased their share of overall furniture and bedding purchasing from 20.1 percent to 24.6 percent. At the same time, the share for Baby Boomers – 54 to 72 years old — declined from 37.6 percent to 34.3 percent.

Generation X – between Baby Boomers and Millennials –accounted for 32.3 percent of furniture and bedding purchasing in 2017, which marked a decline of 2 percentage points from 2014.

See why it pays to join the Home Furnishings Association!

Millennials still trail their elders in income, but they are quickly closing the gap when it comes to consumer spending. Furniture and bedding are on their shopping list.

Looking to grow your business? Look no further.
Becoming a member of the HFA has more benefits than we can list here. Click the button to learn more.
Trending In

HFA Solution Partners

Riskified_HFA Solution Partner

Riskified has built an eCommerce risk management platform that allows online merchants to create trusted

Montage Furniture Services Logo

Montage Furniture Services is a provider of furniture protections plans delivered via traditional pooled risk

Snap Finance Logo

Snap Finance helps furniture retailers reach their full sales potential by providing financing solutions for

Freight Club_HFA Solution Partner

Freight Club is an end-to-end LTL (less-than-truckload) shipping platform that effortlessly manages everything from quoting,

Risk Assurance Partners Logo

Risk Assurance Partners (RAP) is a leading provider of Furniture Protection Programs utilizing Reinsurance to

Sign up for more!
From HFA events to the latest member news, get updates straight to your inbox.

Not an HFA member?

Don't miss out on all of our association benefits!