Employers will begin to reconsider the retirement age of 65. More and more people will want to continue to work after that age as well as the fact that the younger generation is smaller in number and cannot support all the vacancies created by retiring baby boomers. Taxes may increase and thus consumers will look at all their purchases as investments. They will look for quality at a bargain price. Megaplexes offering theatre, arcade, shopping, and dining facilities as well as urban entertainment centres with simulated thrill sports will grow.
People now value their free time and want to make their lives easier.
They will consider not only price but service level as well. Business capitializing on convenience and simplifying lives will succeed. American Demographics January 1999 10. Baby boomers are aging but there is an echo boom of young teenagers that will have a major impact on consumer spending. Canada's population is expanding among 50 year Olds and 20 year Olds.