Boomers' Wealth Helps Keep US Consumer Spending Strong as Younger Americans Face Growing Financial Pressure, Says Economist Ed Yardeni
Older Americans’ wealth may sustain spending despite younger households’ financial pressure and shrinking wealth.
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Why It Matters
Older Americans have saved up a lot of money and keep spending it. Younger people are struggling more, so watch if overall spending slows down.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.