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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.

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Executive Takeaways & Key Facts

  • ✓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.
  • ✓Follow CNBC for updates as this story develops.

What we know

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

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Context to watch

Watch for official statements, market reaction, and follow-on reporting from other major outlets. Regional desks in Global may add local angles that change how the story lands overnight.

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