Theory that seniors don’t spend, no longer true

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Everyone knows how important consumer spending is the U.S. economy. However, we are getting older as a country, and people tend to spend less as they age, or at least that is what I remember from school. So, with an aging consumer, how can the U.S. really grow at previous rates?

The elderly are spending more money than ever. But do their expenditures have the same overall effect, as say those of someone in their thirties? (Link to full article as previously published in the Montgomery Advertiser Sunday June 28th…)

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees. 

 

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