Why older Americans’ wealth may be helping keep consumer spending strong
Summary
Older Americans are showing greater financial confidence as data from the Federal Reserve and JPMorgan reveals their household wealth has grown. This strong financial position, supported by increased investment income, appears to be helping sustain high levels of consumer spending.
Boomers report more financial confidence as Federal Reserve and JPMorgan data show older households hold more wealth and draw more from investments.
Source: Read the full story at US Top News and Analysis
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.