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Each successive generation (and by the way, "generations" do not arrive at
discrete times but are constantly emerging) will IMHO be more and more
consumption oriented. The "me" generation that grew up in the 80's is
now entering the workforce and will be spending their own disposable
income to feed their need to wallow in tangible goods and superficial
entertainments.
The Y generation (again IMHO) has experienced little in the way of
economic, social or political difficulties and although they face their
futures with optimism, I suspect they are spiritually and intellectually
unprepared for serious economic or financial pain.
A friend of mine disagrees, pointing out that in his experience, the Y
generation is sharper and less naive than my generation, and won't
tolerate nonsense or unprofitable pursuits, making them very shrewd
consumers and workers.
Well, we shall see but its obvious that I have my doubts.
-- John
On Thu, 27 Dec 2001, bondo92677 wrote:
> I used to always think the boomers ruled. It worked in assessing the
> demand led wage spiral 70s, homebuying 80s and investment boom 90s.
> But lately I've realized that Generation Y (those born between 77-95)
> far outstrip the boomers in sheer number and will make up a third of
> the US population by 2020. These teenagers will be soon be entering
> the workforce and will be huge consumers. Could be the mid 60s all
> over again.
--
__________________________________________________________
John T. Nelson | John's Trading Journal
trader@xxxxxxxxxxxxxxx | http://www.computation.org/
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