Older Americans Drive Record Share of U.S. Consumer Spending
People aged 55 and above now account for 45.3% of U.S. consumer expenditure, the highest proportion in nearly three decades, reflecting shifting economic demographics.
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Terms & Concepts
- Consumer Spending: The total value of goods and services purchased by households, a key indicator of economic health.
- Economic Demographics: Statistical data describing the age, income, and other characteristics of a population used to analyze economic trends.