Older millennials are pulling away from the pack in the housing market—and they’re dominating the ‘hobbies’ economy, too

AI SUMMARY

# Older Millennials Drive Housing and Consumer Spending Boom Older millennials are outpacing younger cohorts in homeownership and discretionary spending on hobbies and leisure activities, according to Bank of America economist Joe Wadford, who notes this demographic segment demonstrates economic behaviors more aligned with Gen X than younger generations. This spending pattern suggests older millennials' stronger purchasing power is creating significant demand across real estate and consumer discretionary sectors, potentially benefiting homebuilders, retailers, and leisure-focused companies catering to this economically dominant age group.