Amex Has a First-Class Problem: Can Consumer Spending Really Keep Up? - WSJ
1. Amex reports 8% growth in fourth-quarter card spending year-over-year. 2. Young consumers (Gen Z and millennials) drove 16% growth in spending. 3. Small and medium businesses increased spending by 3% in Q4. 4. Amex forecasts 8% to 10% revenue growth for 2025. 5. CEO indicates strong start to 2024, with spending patterns remaining positive.