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<blockquote data-quote="vantexan" data-source="post: 5485324" data-attributes="member: 24302"><p>Brace yourself for the upcoming decade as the gains many countries have made start to unwind for a very basic reason: not enough adults. The U.S. has an advantage over many countries in that we have a fairly large Millennial generation. A lot of countries don't. Gen-X is a bit small, and for the next 10-14 years that's going to slow us down a bit. But then our Millennials take over, coming into their own as adult consumers. But most of the world doesn't have that large a Millennial generation. You have to have enough consumption to sustain a thriving economy. Baby Boomers are retiring and spending less. Whether you think less consumption is a good thing or not it matters for many countries as the life they hope to have won't materialize. This will affect global stability. Imagine reverting to a time where if you don't have enough you invade the next country over to take what they have. Probably won't affect me too much at my age but I worry about the young in my family and the world they'll face. The world's population in most places are aging out without enough adults to replace them. That may be a factor in why the Biden administration is allowing so many in now. Going about it the wrong way if so but the truth is an influx of young adults means more future children plus more consumption now to feed, clothe, and house them. I highly recommend Peter Zeihan on YouTube for a lot of enlightenment about what current and future demographic trends mean for all of us.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5485324, member: 24302"] Brace yourself for the upcoming decade as the gains many countries have made start to unwind for a very basic reason: not enough adults. The U.S. has an advantage over many countries in that we have a fairly large Millennial generation. A lot of countries don't. Gen-X is a bit small, and for the next 10-14 years that's going to slow us down a bit. But then our Millennials take over, coming into their own as adult consumers. But most of the world doesn't have that large a Millennial generation. You have to have enough consumption to sustain a thriving economy. Baby Boomers are retiring and spending less. Whether you think less consumption is a good thing or not it matters for many countries as the life they hope to have won't materialize. This will affect global stability. Imagine reverting to a time where if you don't have enough you invade the next country over to take what they have. Probably won't affect me too much at my age but I worry about the young in my family and the world they'll face. The world's population in most places are aging out without enough adults to replace them. That may be a factor in why the Biden administration is allowing so many in now. Going about it the wrong way if so but the truth is an influx of young adults means more future children plus more consumption now to feed, clothe, and house them. I highly recommend Peter Zeihan on YouTube for a lot of enlightenment about what current and future demographic trends mean for all of us. [/QUOTE]
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