Chart Of The Day -- Share Of Consumer Spending -- January 3, 2023

Locator: 46447ECON.

About three years ago it finally dawned on me why I would see all those 70+ men (and women) driving brand new luxury cars -- particularly Cadillacs.

Then I figured it out. Once my wife started receiving her social security check, it all became clear. And now, RMDs. 

Link here.

And this is why Amazon Prime Video will be the big winner when it comes to streaming. More on that later, perhaps.

And from the blog:

My favorite chart, link here.

I can pretty much assume that most of that MMF is held by 70+ folks. Or at least 55+ folks.