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Millennials, Gen Z splurging more than Boomers

Por: Newsweek Nation October 11, 2023

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Millennials and Gen Z Americans are spending far more than Baby Boomers even as inflation remains high, a new McKinsey report found.Despite inflation staying steady at around 3.7 percent, consumer spending was on an uptick during the summer.Ultimately, American customers are seeing a slight decline in inflation, which is likely driving the increased spending.But younger generations were more likely to spend more of their money. Gen Z and... + full article



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