PBO stimulii's stabilized economy by stabilizing Boomer's income, and nothing much else. This family included thru extended COBRA, Available Health Insurance after COBRA that was previously uninsurable because of existing condition. DS job moved from temp to permanent employee with a pay cut (pay has been improved because of a much larger firm buying company) and even though he is in a hot CS field.
Stimulii barely reached the lower income stratii's or X, Y, Boomlet-Millienum generation.
Boomer's future retirement severely affected in the Housing Crash and Stock/Bond markets.
A severe restucturing of Boomer's expectations and succeeding generations' futures.
Undergo a gradual change and make necessary economic and political adjustments along the way. OR make more radical changes and hope the outcomes are favorable.
-- Edited by longprime on Sunday 19th of August 2012 06:35:49 PM
excepts: radio factoids ~90 secs. [my personal comments]
a huge bulge in the population that annoys other age groups simply because there are so many of us poised to suck the lifeblood out of Social Security.
By the year 2030, 20 percent of the U.S. population will be over the age of 65 [I will be 80yo and bro who is the 1st of Boomers will be 85]
These 78 million people account for more than 50 percent of discretionary spending! They don't call us the Me Generation for nothing.
U.S. Bureau of Labor Statistics, the Boomer and older generations now represent a $2.6 trillion annual market. [but we spend differently]
one in three Facebook users is now over the age of 50. [I only lost a $200 but I'm sure that my mutual funds lost a bit more]
Instead of seeing the Boomers as a cash drain on the economy, we could be seen as cash cows. And here's another factoid to ponder: Recent studies show that Baby Boomers now boast the highest growth rate of entrepreneurship in America. The lowest rate? That belongs to the 20-34 demographic. That means seniors could have it both ways -- cashing in on ourselves, the ultimate in Me Generation economics.
-- Edited by longprime on Sunday 19th of August 2012 07:03:35 PM
