Young Americans Living In 'Treat Economy': Gordon

Kevin Gordon, head of macro research and strategy at Schwab Center for Financial Research, told Bloomberg that young Americans are spending on discretionary purchases despite facing barriers to traditional wealth-building such as homeownership. Gordon did not specify which purchases he classified as discretionary or provide data on spending patterns across age groups. Bloomberg reported the comments during a segment on "Bloomberg Money" with hosts Scarlet Fu and Tom Keene.

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