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I'd imagine this is also partly due to the America's demographic changes and the aging population. The large baby boomer generation is retiring and entering a p

I'd imagine this is also partly due to the America's demographic changes and the aging population. The large baby boomer generation is retiring and entering a period in their lives where their consumption is lower. Generation X is smaller and can't keep up the consumption. Generation Y is slowly entering a consumption phase.

mac01021 9y ago
Why is consumption lower after you retire? You've finally got time to spend all that money that you've been spending all your time earning.
- c0nducktr 9y ago
  Because then people realize how limited their budgets are.
- seem_2211 9y ago
  Most people don't save much.
- pixl97 9y ago
  Because the retirees don't have a lot saved. Fewer and fewer have had career long jobs. SS is paying less. Medical bills are going up.