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.
CNBC reports: Boomers report more financial confidence as Federal Reserve and JPMorgan data show older households hold more wealth and draw more from investments.
This business story centres on the United States. Names and organisations mentioned in the coverage include Americans', Federal Reserve and JPMorgan.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- Americans', Federal Reserve, JPMorgan
- Section
- Business
Sources
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