April 18, 2025 - 18:22
In a recent statement, the CEO of American Express highlighted the financial resilience of the company, attributing its robust performance to the spending habits of affluent Gen Z clients. According to the latest data, younger customers increased their spending on American Express cards by an impressive 14% in the first quarter of the year, significantly outpacing the spending growth of older cardholders.
This trend underscores the growing economic influence of the younger demographic, which appears to be less affected by broader economic challenges. The CEO emphasized that the strong performance among this group reflects not only their financial stability but also their willingness to engage with premium services and experiences that American Express offers.
As the company continues to cater to this emerging market segment, it remains focused on enhancing its offerings to attract and retain these valuable customers. The positive spending trends among Gen Z serve as a promising indicator for the future of American Express and its strategic direction.
