Lots of 30 year olds – signals sustained eco growth ahead

Demographics don’t lie.  Baby Boomers turning 30 drove the growth in consumer spending and bull market in the 80’s.  Millennials turning 30 will likely drive sustained spending for the next decade.  30 somethings have more children, become more productive, earn more money and act more like adults.  Millennials are the most educated generation to ever walk the planet.  They are not just tech savvy but are demanding tech users.  The following chart courtesy for Canaccord Genuity is an excellent illustration of the sharp acceleration in the number of 30 year olds we can expect starting now.    Jeb B Terry, Sr. Oct. 17, 2016

rising-30-yr-olds-canaccord-10-17-16

Aberdeen Investment Management – a guide service for micro-cap technology investment – Manager of NexTech Medical Investments

 

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