^ Consumer spending in the US makes up about 70% of the economy though. Spending is an enormous deal! And as far as millennials go, the eldest millennials are what...38/39 this year? Quite a few millennials have children if they’re going to have them.
I should clarify though, that this isn’t an attack on millennials and their spending habits. It’s just what the data shows. Millennials spend and over the past few years have become the biggest consumers. Because consumer spending is so important, that spending has largely pushed the recession off. You might argue it’s low rates, but you know that just adds to spending, so it’s not much of a different argument.
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