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Stock impact report

Forget Gen Z and Millennials — the over-50s ‘Silver Spenders' are powering investment opportunities, including these stocks [CNBC]

NatWest Group plc American Depositary Shares (NWG) 
Company Research Source: CNBC
So-called “Silver Spenders” are taking greater control over their wealth and assets, seeking out advice on tax, investments and financial planning. A wealthier subset is driving opportunities across high-end luxury, wealth management, healthcare, and leisure sectors, a contrarian stock picker told CNBC. The growing wealth and enhanced spending power of the over-50s is poised to accelerate a range of investment opportunities across multiple sectors in the U.K., according to investors. Market pros say this age group — dubbed the “Grey Pound” or “Silver Spenders” — is gaining greater control over its assets. With greater wealth and more discretionary income, a larger chunk of this demographic is increasingly seen as the new “idle rich.” Dan Coatsworth, head of markets at AJ Bell, said that the over-50s were an increasingly influential demographic within the consumer space. “Those still working might be well advanced in their career, paid off their mortgage, and have lots of di Show less Read more
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