Spending

Baby Boomer spending is saving U.S. economy

(CNN) — When it comes to living large, baby boomers are at the top of the list. meanwhile, younger Americans are struggling just to keep up. Internal data from Bank of America shows a “significant gap” in spending has opened recently between older and younger generations. while baby boomers and the generation before them are spending their money on traveling…

American consumers cut back spending in February

According to the Department of Commerce, Americans cut back on their spending last month after splurging the month before.

According to the Department of Commerce, Americans cut back on their spending last month after splurging the month before.