Source: Millennial Disruption Index
Millennial Disruption Index
April 17, 2015 12:00pm by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
What's been said:
Discussions found on the web:Posted Under
Previous Post
Druckenmiller: Look for Three Market Surprises in 2015
I thought the baby boomers were the largest generation in history and that was why our Social Security and Medicare have to be cut.
The distinction is that the Baby Boomer generation is the largest generation to enter RETIREMENT age (as a collective group) in American history.
The subsequent generation (Gen X) is not only smaller in number, but have experienced median wage stagnation and are only beginning to hit the traditional age or peak earning years. This causes a ripple effect on SSA (OASDI) payroll tax contributions, which are based upon a set percentage of payroll income.
The next generation, aka the “Millennials” illustrated in this inforgraphic, are larger than Gen X which all things being equal, bodes well for future tax revenues and economic vitality. However, if median wage stagnation and indebtedness from student and consumer loans persist, that theoretical vitality may fail to materialize. Only time will tell.