Gen Z Is Now Spending More Than It Did Before the Pandemic
- Card spending remains down this quarter from before Covid-19
- AmEx is weighing whether it could offer debit cards, CEO says
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OK boomer, you may have money, but you’re not spending it.
Younger consumers, even though they have less saved than older Americans, are the ones opening their wallets as the U.S. economy recovers. Millennials and members of Generation Z are spending even more than they did before the pandemic as vaccines proliferate around the world, American Express Co. Chief Executive Officer Steve Squeri said during a virtual investor conference Friday.