American Express Counts on Millennials to Power Spending Through 2026

Retail, restaurants and premium travel anchored fourth-quarter volumes, while small business spending held up better than middle-market activity.American Express says millennials and Gen Z now account for the largest share of U.S. consumer spending on its cards, with those cohorts also posting the fastest growth.American Express released its latest earnings results on Friday (Jan. 30), closing 2025 with a familiar refrain and as it claimed a demographic edge in card spending: younger card members are carryi ...