When we have a large generation at its financial peak, as we had recently with the War Boom Baby generation (Boomers), we will have a long-term economic expansion. Conversely, as that generation starts to downsize, we will have a long-term contraction. These generational ebbs and flows set a series of waves that pass over the economy representing a tremendous financial force, the magnitude of which financial advisers and the media underestimate. The Boomers were the largest generation in the history of the United States, for which the book's model predicted our longest expansion lasting 25...
When we have a large generation at its financial peak, as we had recently with the War Boom Baby generation (Boomers), we will have a long-term econom...
