ARX Series 13 August 2024
Boomer, Consumer!
In this paper, MFS explores several trends that have contributed to the strong growth in US consumer spending and contemplate whether these trends can continue moving forward.
Publisher: MFS Investment Management
Download PDFIntroduction
Consumers are the backbone of the US economy and have been the primary source of economic growth for nearly a century. In fact, consumption has been a growing contributor to economic activity, even during times of recession.1 Despite inflationary pressures, consumption has proven to be a boon to the economy following the pandemic. Several factors have contributed to this surge in demand, including long-term demographic changes, differences in spending by income distribution and broadly rising wealth levels. The question is, can these forces continue to fuel consumption growth going forward?
Publisher
MFS is a global investment manager with capabilities spanning all major asset classes, serving institutional investors and consultants for more than 40 years. The firm manages USD 661 Billion for clients in more than 30 countries (as of 30 June 2021).
What sets MFS apart from other managers is our commitment to a single purpose: to create long-term value for clients by allocating capital responsibly. Through that sense of responsibility and the strength of our investment platform, we strive to protect our investors' assets and our clients' reputations. Our powerful investment approach combines collective expertise, thoughtful risk management and long-term discipline to uncover investment opportunities that drive sustainable value for investors. We call this Active Intelligence®, and we support it with our distinct culture of shared values and collaboration. That means bringing together teams of diverse thinkers to actively debate ideas, assess material risks and uncover what we believe are the best investment opportunities in the market.
As an active, global investment manager with investment and industry professionals located in nine financial centers across five continents, MFS is committed to being a valued partner for plan sponsors, endowments, foundations, sovereign wealth funds, insurance companies, intermediaries and consultants worldwide. We help clients meet their financial goals by providing long term focused investment strategies, flexible investment vehicles and perspectives on the financial markets.