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Nickname: Conan The Libertarian
Review: After boomers sell their assets, they will in turn spend their cash in their retirement years on goods and services. This will result in earnings in business and additional economic growth. So Harley Davidson sales might decline while Ford vans with wheelchair ramps sales will grow. Both represent industrial manufacturing profit. Both result in economic growth. It's a zero sum game.
Date reviewed: Jun 25, 2006 3:30 PM
Nickname: jw
Review: Baby boomers can?t imagine what the world would do without them. They had a significant impact on the U.S. economy, driving up baby food and diaper sales as infants. As they age they?ll drive up diapers sales for people whose bladders have ceased to function, and mushy food for people who lost their teeth. But as far as causing world wide financial crisis, I think not. The world population is around 6 billion people. The total baby boomer population is not significant in comparison. The richest 1% of the world is far more important, while some may be baby boomers, that?s not the group?s most common denominator. And not all baby boomers are economic powerhouses. Some are homeless, some are in jail, some bag groceries at the supermarket. It?s not all six-figure incomes. As much as it might pain them to face the facts, baby boomers are more likely just to fade away than go out with a global economic bang.
Date reviewed: Apr 27, 2006 5:30 PM
Nickname: Vangogh71
Review: How can you trust the argument when you can't trust the Math. Based on the statement below the World's 3 largest economies will equal 107.5% of GDP. So Europe, Africa, South America, Canada, Russia will be -7.5%? By 2030, Asia will be 58% of the world's GDP. By 2050, China will be the largest economy, with 44.5% of world GDP vs. 35% in the U.S. India will be at 28%.
Date reviewed: Apr 27, 2006 2:34 PM
Nickname: LAR
Review: Definitely not focused essays. Do not deliver as promised. The key here is whether or not boomers will have a negative impact on the markets when they start selling their assets to support themselves, not population demographics.
Date reviewed: Apr 27, 2006 10:08 AM
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