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Source: Fundstrat, Bloomberg, Updata Slide Fundstrat Bitcoin & Blockchain presentation for Upfront Summit

Source: Fundstrat, Bloomberg, Updata
Slide 19
Figure: Life cycle of Millennial spending and income
Survey of Consumer Finance for 2017 “real income” levels (born between 1981-2000)
Source: Fundstrat, Bloomberg, Census Bureau
Millennials average age is 26.5… still early in life cycle
The oldest millennials are 36 but the average age is 26.5. As shown below, this means the peak of millennials are driving the
automobile market but just beginning to impact the housing market. And early in the investing market.
• As the following slides show, millennials are now the most important cohort to follow for several key segments.
$15,080
$21,684
$27,924
$40,456
$50,440 $49,556
$51,324
$48,932
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
$55,000
10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67
Averageannualearnings
Age of Millennial
Age 21-35
Automobile
+ Drinking age
Age 25-45
Home
purchasing
Age 30-60
Prime Income
years
2001 2004 2007 2010 2013 2016 2019 2022 2025 2028 2031 2034 2037 2040 2043 2046 2049 2052 2055 2058
Millennials
Average Age
today

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