Data Point - Prime spenders to decrease.... - Granite Grok

Data Point – Prime spenders to decrease….

“…pointed us to this worrying trend.  The alarm is being sound by Harry Dent, who notes that the demographic of those in their peak spending years (age 46 to 50) has been on the decline since 2009.

Based on Census data, this trend should continue until 2022.  This is is bad news when you consider the fact that personal consumption expenditures account for around 70% of GDP.”

(H.T:  Business Insider)

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