Baby Boomers' $76 Trillion Savings Shield US from Recession According to market expert Ed Yardeni, one group has injected $76 trillion in savings into the economy and are primarily responsible for helping prevent a recession: Baby Boomers. Their increased spending on services like restaurants, travel, and healthcare is boosting payrolls and incomes, countering traditional recession indicators that focus on the goods economy. Yardeni argues that this generation’s spending habits, particularly as they retire, are crucial in sustaining economic growth despite widespread recession fears. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil Volatility Hits Multiyear Low as Threat of Mideast Conflict Lowers READ MORE Ports as Pawns: The $2 Trillion Transformation of Global Trade Hubs READ MORE China’s 10-Year Yield Down to Lowest Since 2002 on Growth Worry READ MORE "US Taxpayers Owe $3/4 Million Each, It's the Biggest Banana Republic of All" – Mike Maloney READ MORE Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment