Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
AP News -

Older Americans are fueling a sustained boost to the U.S. economy. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth — than ever before.

Related Articles

Latest in News

More from AP News | Government regulations Federal Reserve System Inflation General news MA State Wire NM State Wire Business Economy w Washington news n U.S. news f Scotland Washington News U.S. News Inflation economy wealth rates Federal Reserve cuts Federal funds rate