Echo Boomers Will Save the U.S. Economy
Adam Rifkin stashed this in Young Americans
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:
That is the right attitude! Now, what is the strategy of the "Echo Boomers"? And you are right (below), the X generation may vote us further into the government's control.
The strategy of Echo Boomers should be to pay off debt and save more.
Then again, that strategy should work for everyone, not just the Echoes.
Fuck.... the kids outnumber us?
Yes. Generation X is a valley in between the Baby Boomers and the Echo Boomers.
The good news is that television has taught them to be good consumers.
The bad news is that they have numbers on us when they decide to become a voting bloc.