From boomers to millennials, Carl talks about what it means for the economy.

Read full transcript:

Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one minute investment every day for a lifetime of results.

The whole mark of winter is its volatility and for the last 500 years, every 80 years we have followed this pattern and it’s based on demographics. We go into a certain, you know at 32 year old we buy our first house at 46 years old we on average, we are in our prime earning years at 52 years old, we go into our prime saving years and when the baby boomers in mass go from their prime spending to their prime saving years. You know there needs to be another generation that exerts its authority and it’s presence on the economy and for the first -you know the baby boomer generation we have now is the largest and most affluent in history- and for the first time, the generation that comes after it are smaller and so they did not pick up the slack. So, that’s why we all this volatility while the millennials catch up and get into their prime, you know earning and spending years.

Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.