Interest rates will be higher for longer?, page-40

Dude i just put the graph up of actual changing in spending...this is a bigger picture


While under-35s have increased spending by 3.4 per cent in the past year, inflation has been closer to 7 per cent, so that's a real cut.

Not everyone over 55-years of age is wealthy, and spending at a great rate. Not everyone under 55 is doing badly and has trimmed their spending. But on average that's what's happening

Meanwhile, over-35s have increased spending by 7.7 per cent, which is above inflation.
People over 55 have gone on a purchasing spree — spending 10.4 per cent more than a year ago, well above how much costs have risen due to inflation.