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 Yuan Hits Weakest Level Since November as China Loosens Currency Control READ MORE Nvidia Faces $900 Billion Loss Amid AI Investment Uncertainty READ MORE Gold Rush 2.0: Australian Miners Poised for M&A Spike Amid Soaring Prices READ MORE Warning: Is the Housing Market Heading for a 50% Correction? READ MORE Powell's Speech and Job Data in Focus as Dollar Climbs on Yield Surge READ MORE Add a Comment Cancel replyYour email address will not be published.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