The way Boomers and Millennials are spending can inform investment decisions, Bank of America analysts say.
In a note published Friday, BofA analysts wrote that investors should go "long Boomer stocks" and "short Millennial stocks."
Specifically, they're spending a lot on health care, entertainment, and home improvement.
When they are shelling out, they're spending more on housing and apparel, but are generally more strapped for cash.
Millennials, meanwhile, are skint as borrowing costs shoot up and wealth accumulation gets stymied by a historically unaffordable housing market.
Persons:
—, BofA, they're, Millennials, Boomer
Organizations:
Bank of America, Boomers, Service, of America, AARP, Toll