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Caleigh Wells

Verified
Cleveland
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Articles

Gen Z is spending more across all income brackets

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By Caleigh Wells Verified
| Marketplace Verified
In this K-shaped economy, where higher-income Americans bounced back from the pandemic and started spending money again much more easily than lower-income peers, one generation isn’t acting K-shaped at all. The youngest adults among us, Gen Zers, are actually all spending more, across all income brackets, according to fresh data from Bank of America. And it’s not all student loans and car payments, either — they’re spending on travel, and coffee, and jewelry.
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McDonald's sales soften as diners spend cautiously

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By Caleigh Wells Verified
| Marketplace Verified
McDonald’s reported on Tuesday that its sales in the U.S. grew 0.8% in its second quarter — which is less than what analysts expected and is about a third of the growth it saw this time a year ago. Also on Tuesday, McDonald’s replaced the leader of its U.S. operations “to help accelerate performance,” according to a company statement. Some of this isn’t McDonald’s’s fault.
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Why Baby Boomers and Gen Z have different concerns about the economy

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By Caleigh Wells Verified
| Marketplace Verified
Over the past few months, Baby Boomers’ confidence in the economy has continued its slow march downward, while Gen Z’s has stayed elevated. That’s according to the most recent consumer confidence data from The Conference Board. The main driver of this trend: 20-year-olds and 70-year-olds are just worried about different things. The more pessimistic groups are “very concerned about what's happening with healthcare.
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