Quote:
Originally Posted by Andyb
I think the one thing that is keeping the market going right now is the spending of the baby boomers. The Boomers for the most part, lived during the best economic times in America and have accumulated a lot of wealth. The Boomers are in the fourth quarter of life and are not holding back in their spending in retirement. When this cycle ends, watch out. No political party is going to solve the problem, we are too far gone.
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The way I read about it, US people over 65 represent ONLY about 6% of the population. I thought that companies marketed to the under-30 crowd because they are a large % and they need more toys so they spend more.