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06.04 - 12:21
Older Americans, Flush With Housing and Stock Portfolio Wealth, Poised to Revive Spending This Year
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wsj.comCovid-19 kept many older Americans on the sidelines of the recovery in consumer spending as they held back from in-person services like dining and travel. But their spending is picking up as the Omicron wave recedes, and analysts say that could help fuel economic growth in the months ahead.
Total household spending fell sharply in the spring of 2020 when the pandemic first hit the U.S. economy and has generally risen since.
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