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Economic Commentary

Don't Worry, We'll Grow Out of It: An Analysis of Demographics, Consumer Spending, and Foreign Debt

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Between the mid-1960s and early 1980s, the age distribution of the U.S. labor force was changed dramatically by the inrush of the baby-boom generation. The authors examine the implications of this shift for consumer spending, debt, and foreign investment, and conclude that, if left to themselves, consumers will simply outgrow their apparently spendthrift ways.

10.01.1990EC 10/1/1990

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Bryan, Michael F., and Susan M. Bryne. 1990. “Don't Worry, We'll Grow Out of It: An Analysis of Demographics, Consumer Spending, and Foreign Debt.” Federal Reserve Bank of Cleveland, Economic Commentary 10/1/1990.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International