Echo Boomers Will Save the U.S. Economy
Adam Rifkin stashed this in Young Americans
Source: businessinsider.com
Stashed in: Brands!, Economics!, Awesome, The Future, America!, Charts!, Retail
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Rob Wile writes:
The Great Recession may have delayed the plans of many recent college graduates.
But the "Echo Boom" generation — the sons and daughters of Baby Boomers — are too numerous to be kept down.
There are 80 million of them, and they're out to save the American economy.
All of the normal things that drive the economy — household formation, entering the workforce, etc. — will be driven by this slice of the population.
Thanks to the Echo Boom...
- Stocks will go up.
- More households will be formed, leading to a recovery in real estate.
- The national income will surge.
- Lots more spending will happen.
By 2030, the Echo Boom will be the largest consumer group in the United States:
11:53 PM Feb 06 2013