Not because we are going to start retiring and crashing Social Security and Medicare like everyone is so worried about,
Because we are going to quit spending so damn much money.
Since 2007 we have been in a “detour” caused by the sub-prime and debt crises. The strong upward trend in the bellwether “spending” demographic that continues through 2012 in the chart is what prevented, and is still preventing, an economic collapse. The chart shows us in no uncertain terms that that an unprecedented massive collapse in the economy (from B to C) will occur starting no later than 2013 and last until 2025 as the bulk of the US baby-boomers relentlessly slip beyond their big-spending GDP-driving 45-54 years.
It is critical to understand that the B to C boomer demographics driven decline is as inevitable as their A to B boom was, and cannot be changed because the demographic cannot be changed. As shown in the chart, 45-54 age group demographic driven major declines happened rapidly in the early 1930s, slowly (thank goodness) in the 1970s, and will happen again from about 2013 to 2025, rapidly, relentlessly and catastrophically. Important note: This coming
decline is NOT the baby-boomers retiring. Many make this mistake. Retirements do not begin for 11 to 20 years beyond their big-spending ages of 45-54 years.
Mr. Arnold might be giving us a little more clout than we actually have but there is no disputing the numbers when it comes to the percentage of population in this country us Boomers make up.
And we are getting old.
The Baby Boom generation has been blamed for a lot of shit in our time so why not this too?
Doesn't bother me much.
This country is FUBAR anyway, might as well do our part to force the end of Fiat money sooner rather than later.