Millennials and Gen Z Consumers Boost Amex Card Spend in Q3

For American Express, as has been a longstanding trend, it's the younger consumers, cards in hand, who are boosting results. And, as Amex management noted on a Friday (Oct. 18) conference call with analysts, dining out is a prime example of where millennial and Gen Z consumers choose to wield those cards in full force. The company's earnings supplementals showed that consumer billed business — the metric that represents cardmember spending tied to transactions and card advances — was up 6% year over year (o ...