Generational Productivity and Spending Waves – the 2020 Vision

The fact that this decade has been prosperous for Americans, and much of the rest of the world, comes as no surprise. Not only have we put in place low taxes and a manageable regulatory burden, the enormous Baby Boom generation is now at the peak of its productivity and spending power. However, as some experts see it, “the party” is about to end. If America’s Boomers follow the pattern of earlier generations, they will soon retire en masse, sharply curtail their spending, and leave a huge gap in production and consumption that the Xers won’t be able to fill. T.....