Business

Boomers' Wealth Boosting Consumer Spending

Updated 2026-10-12 17:40 UTC 1 source Positive

Federal Reserve and JPMorgan data show that older American households are holding more wealth and drawing from investments, contributing to strong consumer spending. This financial confidence among boomers is driving economic activity.

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CNBC

Why older Americans' wealth may be helping keep consumer spending strong

Boomers report more financial confidence as Federal Reserve and JPMorgan data show older households hold more wealth and draw more from investments.

2026-10-12 17:23 UTC