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Millennials and Gen Z are going on a spending spree. They’re also going back to work.
The two generations are now spending more money than they did before the pandemic, American Express CEO Steve Squeri said during a recent virtual investor conference, as reported by Bloomberg.
“We assumed there was such pent-up demand — not only for travel, but such a pent-up demand for consumer goods — that the US recovery would be like it is right now,” Squeri said, adding that millennials and Gen Z were spending 125% of their pre-pandemic levels.
Meanwhile, the teenage cohort details ⇒
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