The chief driver of economics is population growth and demographics.
Until recently, the Boomers have dominated the US economy, whose recent history is a record of their life passages. Now the Millennials are coming into their own as the largest generation.
"It's a new world."
Financial Sense
Demographics: The Boomers Have Already Been Overtaken by the Millennials
Financial Sense
Demographics: The Boomers Have Already Been Overtaken by the Millennials
Urban Carmel
2 comments:
The problem is that they have been badly educated. The ones who know are afraid to speak up. I hear this from kids all the time. (16+) They say there are draconian taboos within their generation that prevent them from speaking their minds.
These kids have been taught to believe, not think. A bare percentage know civics. That was removed from their school curriculum in the 90s. They have no clue how government works.
II used to think they are the hope. Until a Millennial sat me down and explained why it would be THEIR children who will make the difference.
Why is economics called the "dismal" science?
steven rattner
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