Theory that seniors don’t spend, no longer true

June 29, 2015, by John Norris

Everyone knows how important consumer spending is the U.S. economy. However, we are getting older as a country, and people tend to spend less as they age, or at least that is what I remember from school. So, with an aging consumer, how can the U.S. really grow at previous rates? The elderly are spending more money than ever. But do their expenditures have the same overall effect, as say those of someone in their thirties? (Link...

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