Updated

Updated · yardeniquicktakes.com · Jun 9

Redbook Retail Sales Jump 9.1% as Retiring Boomers Keep Spending Despite 2.6% Savings Rate

Updated

Updated · yardeniquicktakes.com · Jun 9

Redbook Retail Sales Jump 9.1% as Retiring Boomers Keep Spending Despite 2.6% Savings Rate

1 articles · Updated · yardeniquicktakes.com · Jun 9

Redbook’s same-store retail sales index rose 9.1% year over year in the week ended June 5, well above the 2025 full-year average of 5.8%.
22 straight months of real consumer spending outpacing real disposable income growth have been financed by lower savings, with spending up 4.1% since July 2024 versus 1.1% income growth.
The personal savings rate fell to 2.6% in April 2026 from 5.3% in July 2024, its lowest level since June 2022.
Baby Boomers’ retirement is helping sustain demand: the cohort is no longer saving for retirement but is spending record net worth and also supporting younger relatives.

Sources

With Boomer wealth fueling spending, is the US economy ignoring a brewing crisis for lower-income households?

If Baby Boomers are spending their legacy, what will fuel the economy for the next generation?

As Boomers spend their trillions, are we witnessing the end of traditional inheritance and the start of a new economic era?

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