Amex Earnings: Gen Z, Millennials Drive Credit Card Volume Growth

American Express earnings released on Friday (July 19) show that consumers continue to spend on experiences — particularly on dining out, and that momentum belongs to the younger generations who are using their cards more often.Spending by millennial and Gen Z customers was up 13% year over year, management said.CFO Christophe Le Caillec said on the conference call with analysts that spending growth was visible across several categories, where spending on goods and services was 6% higher and there was 7% gr ...