Demographics show amazing changes coming to America
We are not preparing for what is coming because we pretend that nothing will happen. That’s irresponsible.
age wave
Why New Home Construction Is Slow, And Will Remain So For A Long Time
Summary: September housing starts were weak, as they have been since the crash. Their failure to recover has been a surprising and large drag on this economic cycle. Demographic change and slow GDP prevent a housing recovery. On the other hand, housing busts create recessions; this slow expansion (without a boom) is more sustainable — …
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Why new home sales are slow, and will remain so for a long time
Summary: The refusal of housing construction to join the boom has baffled economists and investment experts. Demographic change explains much of this puzzle, and suggests that housing construction — a major driver of the post-WWII boom — will remain in the doldrums for several more decades. Boom and bust of the housing market Large file; …
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As boomers retire they create a drag on US GDP that will last for decades
Summary: The Boomers have begun retiring. They’ll inflict economic stress on America in ways few expect, and so for which we’ve not prepared. This post looks at one such, the long headwind to economic growth created by their falling spending. {1st of 2 posts today.} Contents The Age Wave. The Boomers’ retirement is coming. Conclusions. …
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