Did you know the number of babies born this year can give us an indication as to where the market is going? David, Mike and Eli discuss how birth rates, consumer spending age and the market have historically shown signs of correlation. They also talk about what these statistics potentially mean for us today.
Link to report on consumer spending by age (page 2): https://www.bls.gov/opub/btn/volume-4/pdf/consumer-expenditures-vary-by-age.pdf
Link to historical chart of birth rate trends: https://www.cdc.gov/nchs/data-visualization/natality-trends/index.htm
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