It s almost like having the winning lottery numbers a few hours before the drawing. Some Interesting Facts Consumer spending drives the economy. We as consumers are highly predictable. When large numbers of us earn and spend more, the economy grows. People spend, save, work and mature in predictable patterns as they age.
Newborns don t spend anything.
18-22 year olds are just moving into the work force and have very little economic impact. Spending for Baby Boomers currently peaks around age 49. Spending demands fall as the maturing work force moves into the power structure of business and industry. The Baby Boomer generation is the largest in history at 80 million strong. The Baby Boom generation is defined by those born in the above average birth years between 1946 and 1964.