The age group, beginning at 55 plus years, are currently responsible for approximately 40% of Consumer Spending in our economy. Baby Boomers are the largest homogeneous population, within that group of consumers. Consumption DATA shows, low-and middle-income Americans are more likely than wealthy earners to spend benefits, from the government immediately, and stimulate economic growth, creating millions of JOBS. Is America foolishly burying its head in the sand, ignoring the correlation between Consumer Spending and Job Creation? China isn’t and this will be the main reason China will overtake America, because of American politician’s selfish disregard of consumers, and Consumer Spending.
