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> China will never develop a consumption based economy with its aging population Why is that the case? I assume older people consume more than younger ones, es
by btian 6y ago
> China will never develop a consumption based economy with its aging population
Why is that the case? I assume older people consume more than younger ones, esp healthcare
- MangoCoffee 6y ago30-40 is the high of consumption. marriage/kids mean house, car...etc. you start to pull back after 60 and try to save your money to last you into old age. health care along is not going to drive the consumption based economy like when you are in your 30. you can see that in baby boomers. Gen X never carry United States like baby boomers did and Gen Y will carry America for the next few decades.
- koheripbal 6y agoCan confirm - 3 kids and I've never bought so much shit in my life. I should replace my front door with a conveyor belt for all the Amazon boxes... I laughed at that TED talk where the guy shows how shaking your hands can save a paper towel. We have used more paper towels in the last 1 month than I ever used in my entire 20 years of single adulthood combined.