31 Aug '11, 9am

Another Baby Boom Won't Cure U.S. Economy

Another Baby Boom Won't Cure U.S. Economy

So, 25 years later, when I saw the name of its founder, renowned demographer Peter Francese, in the e-newsletter Ad Age, I eagerly read his article. The piece “The Need for a New Baby Boom ” proposes that two demographics, taken together, could help with the U.S. economic recovery: The top 5% of baby boomer earners could lift consumer spending by $3-400 billion if they could be induced to spend another 10% of their incomes. By reversing the decline in birth rates, Francese argues, we would create grandchildren that boomers would lavish that extra cash on. The chart he uses to illustrate his point shows birth rates declining in every age group except the 40-44 year-olds – a small segment:

Full article: http://www.triplepundit.com/2011/08/another-baby-boom-won...

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