Turn to 10 on Nostr: Older Americans spending more; partly driving US economy with 'wealth effect' ...
Older Americans spending more; partly driving US economy with 'wealth effect'
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Older Americans are spending more, driving the US economy with the 'wealth effect'. As home and stock prices increase, portfolios and savings accounts also increase, giving Americans more confidence to spend on things like entertainment and travel. This type of spending is one reason why the economy hasn't slowed down. People's assets, such as homes and financial portfolios, have gone up in value, providing them with more disposable income. As the economy strengthens, inflation becomes more sticky, affecting the Federal Reserve's plans.
#OlderAmericans #UsEconomy #WealthEffect #Spending #HomePrices #StockPrices #SavingsAccounts #Entertainment #Travel #Inflation #FederalReserve
https://thenationaldesk.com/news/americas-news-now/older-americans-spending-money-interest-rates-economy-recession-portfolios-savings-accounts-entertainment-travel-homes-stocks-loans-professor-says-federal-reserve
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Older Americans are spending more, driving the US economy with the 'wealth effect'. As home and stock prices increase, portfolios and savings accounts also increase, giving Americans more confidence to spend on things like entertainment and travel. This type of spending is one reason why the economy hasn't slowed down. People's assets, such as homes and financial portfolios, have gone up in value, providing them with more disposable income. As the economy strengthens, inflation becomes more sticky, affecting the Federal Reserve's plans.
#OlderAmericans #UsEconomy #WealthEffect #Spending #HomePrices #StockPrices #SavingsAccounts #Entertainment #Travel #Inflation #FederalReserve
https://thenationaldesk.com/news/americas-news-now/older-americans-spending-money-interest-rates-economy-recession-portfolios-savings-accounts-entertainment-travel-homes-stocks-loans-professor-says-federal-reserve