The age group, beginning at 55 plus years, are responsible for about 40% of the spending done in our economy, and Baby Boomers are the core group of the 70% of spenders mentioned above. Thus, Baby Boomers are the largest population among that age group of consumers. Baby Boomers, who will receive the $25,000 Consumer Tax Cut at the time of retirement, once they start receiving Social Security retirement payments, will spend the money, creating economic growth, and Job creation, as 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, and Job creation.
