15 Jun

New Spending

Emergence From Pandemic Set To Let Loose Rush “Of Spending By Older Consumers.” Bloomberg (6/12, Pham) reported, “The world’s emergence from the coronavirus pandemic is set to unleash a wave of spending by older consumers, with increasing opportunities for investors in aging-linked stocks.” Bloomberg added that that’s the perception of money managers perceiving massive “pent-up demand from wealthy seniors for medical services and luxury goods.” Moreover, those managers anticipated that the compelled “adoption of the internet by older people during lockdown will open up this demographic permanently to e-commerce companies and social networks.”

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