60% of New Amex Accounts Are Opened by Gen Z, Millennials

Younger, affluent consumers are showing notable resilience when it comes to spending on experiences and travel — and using their credit cards to do so.To that end, Amex said Friday (April 19) that the majority of its account openings have been from Gen Z and millennial consumers.U.S. consumer billed business, which represents cardmember spending tied to transactions and card advances, was up 8% year on year, to $153 billion in the first quarter. Spending on goods and services grew by 8% and on travel and en ...