Photo: Flickr / breezy421
The Great Recession may have delayed the plans of many recent college graduates.But the “Echo Boom” generation — the sons and daughters of Baby Boomers — are too numerous to be kept down.
There are 80 million of them, and they’re out to save the American economy.
All of the normal things that drive the economy — household formation, entering the workforce, etc. — will be driven by this slice of the population.
Thanks to the Echo Boom…
- Stocks will go up
- More households will be formed, leading to a recovery in real estate.
- The national income will surge.
- Lots more spending will happen.
We wanted to explain why, despite the licks they’ve taken, this group will end up bailing out the economy.