Report
No Country for Old Savers
America’s older population isn’t just growing—it’s spending. With half of US household wealth now held by those 65 and older, this generation of retirees enters their later years wealthier, more asset-rich, and more willing to spend than their predecessors. Rising interest income, home equity gains, and mandatory withdrawals from retirement accounts are bolstering their balance sheets and fueling discretionary consumption in services like healthcare, travel, and dining out . As a result, older households are anchoring a floor under aggregate demand—especially in sectors tied to core services inflation. Their spending is less sensitive to labor-market softening, helping to explain why consumption remains resilient and why inflation in these categories may remain persistent.
Provider
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Christopher HODGE
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