Millennials are keeping the US out of recession, market bull Tony Dwyer says

The Canacccord Genuity chief market strategist believes the demographic's robust spending is lowering recession risks." on Monday. "The peak birth year in the millennials is almost as big as the peak birth year of the baby boom generation."

It puts the group at an age when many of them are embarking on the next chapter of their lives, according to Dwyer. "That's 1990. They are turning 30. They've had 10 years to be in the workforce. They've had 10 years to build a credit score. They've had 10 years to meet a significant other and get prepared to build a household," he said "We're seeing this behavior show up in this millennial demographic which should help buffer the economy from a more significant slowdown.", Dwyer says they're comfortable being in spending mode.

"If a household is fully employed, they have income and they can go to the bank and get a home equity line of credit or credit card debt or whatever a bank is willing to lend them, you have some pretty consistent spending behavior as we've seen over the past 10 years," Dwyer said.an accommodating environment"The only way this works is if they're employed.

TradingNation CNBC 10/06/2019: [There’s a theory that stingy millennials are to blame for the sluggish economy]( CNBC 10/22/2019: [Millennials are keeping the US out of recession, market bull Tony Dwyer says]( investors/economists know nothing

TradingNation Yeah. Price action positive; contrary to ’s headline. AS USUAL! cvpayne Varneyco MariaBartiromo BreitbartNews mitchellvii JoeSquawk andrewrsorkin jimcramer

TradingNation I am glad the millennials' are spending. I am a recently retired boomer and I have the means to spend, but I am completely happy with what I have. I am tired from trying to get kids through college - mission complete, time to rest.

TradingNation Airing on Crackle now:

TradingNation But, they have large student debts and no retirement funds.

TradingNation Where is the evidence of this? What data sets are being used?

TradingNation It's called low unemployment.

TradingNation C'Mon, Millennials! Just keep on SPENDING! Don't start SAVING, it could be disastrous for the Economy.

TradingNation 1 in 6 millennials overspend

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Germany's economy may have already slumped into recession, its central bank says - Business Insider'German economic output could have decreased slightly in the third quarter of 2019,' after contracting 0.1% in the spring, the Bundesbank said. Good job, Angela. Don't worry though, all you have to do is blame Trump and a large portion of your people will believe it. amerkel57 Well, after 53 Billion Euros the Muslim refugees wired back to their countries between 2015 and 2017 complete with the coming US Tariffs & the Turkish position of the S400, I think it's just about time for Germany to go poor.
Source: BusinessInsider - 🏆 729. / 51 Read more »