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 Turkish Investors Turn to Gold as Safe Haven READ MORE Gold Rally Hits Crucial Juncture: $2,075 Level in Sight for a Major Breakout READ MORE Here’s How Long It REALLY Takes to Recover From Stock Market Crashes READ MORE Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling READ MORE Copper Prices Stabilize After Sharp Decline Amid Inflation Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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