Source: U.S. Bureau of Labor Statistics
Release: Consumer Expenditure Surveys
Generation refers to the reference person's generation, or birth year, where the reference person is the first member mentioned by the respondent when asked to "Start with the name of the person or one of the persons who owns or rents the home." It is with respect to this person that the relationship of the other consumer unit members is determined.
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U.S. Bureau of Labor Statistics, Other Financial Information: Mortgage Principal Paid on Owned Property by Generation: Birth Year from 1981 to 1996 [CXUMRTPRINPLB1608M], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CXUMRTPRINPLB1608M, November 30, 2022.