Low Income, High Spending: See Why Poor Millennials Splurge More Than Rich Boomers [Yahoo! Finance]
Costco Wholesale Corporation (COST)
Last costco wholesale corporation earnings: 3/5 04:15 pm
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Source: Yahoo! Finance
Yet, when it comes to spending, low-income Americans in this generation said they intend to splurge more than their richer and older counterparts. Read Next: Mark Cuban Reveals Why He Keeps a Strict Budget Everyday Find Out: How To Get $340 Per Year in Cash Back on Gas and Other Things You Already Buy Indeed, a McKinsey report found that millennials — along with Gen Zers — said they were more inclined to make “treat yourself” purchases compared with older generations. And 46% of low-income millennials said they intend to splurge in 2024, up from 42% in the fourth quarter of 2023, according to the report. On the other hand, only 20% of high-income boomers said they intend to splurge this year , almost unchanged from the 19% who shared this sentiment in the previous quarter. “This year is ‘peak 65' for the U.S.,” said Jay Zigmont, PhD, CFP, founder of Childfree Wealth . “What that means is that most boomers are now either in retirement or looking to retire soon. It is no surpr
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COST
Earnings
- 3/7/24 - Beat
COST
Sec Filings
- 4/18/24 - Form 4
- 4/17/24 - Form 144
- 4/10/24 - Form 8-K
- COST's page on the SEC website