Depending on where you look for economic news, you may come away with your head spinning. While consumer sentiment surveys are down — with recent changes tied to trade policy announcements with China — the U.S. economy has remained in mostly resilient territory due to consumer spending.

But why is there an apparent disconnect between consumer sentiment and spending? One investment adviser who pens opinion pieces for Bloomberg attributes the continued economic activity to one cohort in particular: older Americans.

“That’s thanks to older Americans, who are helping to keep the economy from falling into recession,” columnist details ⇒

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