BofA Global Research: The young and the restless
Key takeaways Bank of America internal data suggests consumer spending was broadly stable in May, with Bank of America total card spending per household up 0.1% month-over-month (MoM), seasonally adjusted. The year-over-year (YoY) growth rate remains negative at -0.2% YoY. Bank of America data shows older generations’ spending growth is outstripping that of younger generations.…...
