Generation X And The New Frugality

Pundits keep offering theories about when America will return to pre-recession spending, GDP growth, and employment rates. But if Xers continue to work and spend according to a New Frugality ethos, these milestones will remain elusive. LFP could easily remain plateaued at today’s low rate until late-wave Xers begin to retire and a new generation—the Millennials—energize the workforce with confidence, optimism, and fresh ambition.

DYI Comments:  The prime spending age is from 35 to 54 years.  Leading edge Millennial's are now 32 years old and the youngest are 10 making a case for a long spending wave once they attain prime spending age in sufficient numbers.  If Neil Howe is correct we would expect the economy to improve marginally in the next 3 years(2017) and markedly by the early 2020's as greater numbers of Millennial's arrive at their prime spending age.  Interesting to say the least.

DYI