Everything about Age Wave totally explained
In contemporary
economics,
Harry Dent has popularized the
baby-boomer age-wave theory. According to him, as a result of
baby boomers retiring, the US stock-market will peak between 2007 and 2009. This prediction is based on his observation that
consumer spending peaks near age 50.
Schieber and Shoven suggest gradual peaking of social security trust fund around 2007-2009.
Some experts expect the worst consumer recession since 1980 as aging boomers start retiring, adding to rising unemployment,
decline in house values, and declining stock prices. However other experts have suggested that
immigration to the US and rise of emerging economies will offset the
demographic impact.
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