Meredith Whitney, a prominent market analyst, forecasts a significant increase in consumer spending in 2025, primarily driven by younger demographics. She believes that this spending will be more widespread across all income levels, contradicting the notion that only high earners have been responsible for recent spending trends. Whitney's insights suggest that millennials and Gen Z, often excluded from the housing market, could be channeling their economic energy into retail purchases, boosting recovery in retail sectors. Despite being known for her bold predictions, she now sees a shift in residential real estate trends.
Consumer spending strength is going to broaden this year, so that means it will accelerate.
Young consumers are making up for being shut out of the housing market with retail therapy.
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