Gen Z Payments Up 30 %

Consumer and commercial spending surged in the second quarter of this year, American Express has said , especially among younger consumers.

Travel and entertainment was down 60 percent from 2019 and down 50 percent from last year, whilst consumer spending in the U.S. is being led by the millennials and Generation Z cohorts, with total spend from those demographics surging 30 percent from 2019.

CEO Steve Squeri  said that Consumers like to consume and given opportunities to consume, they will

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