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Next Boost to the Economy From Younger Generation
The Millennial generation is starting to step in to the role that Baby Boomers are leaving vacant in our economy. As Boomers retire, Millennials are making up the majority of the work force and as such are becoming a bigger boon to the economy. Millennials are advancing in their careers and earning higher wages meaning that their spending power is increasing, estimated to hit $600 billion each year. This trend is expected to keep rising for the next decade as Millennials have not yet hit their peak earning power as of yet. For more information on this topic, visit this article by Maria LaMagna with MarketWatch.
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