"To really understand what’s going on with the American economy, don’t
look at the headlines. Don’t look at the unemployment rate or the trade
balance or the deficit. Don’t even look at what’s happening today at
all: Look at what happened 46 years ago.
Following the Baby Boom, which peaked in 1961, came the Baby Bust, a
long slow decline in the birthrate. Those babies grew up and began
spending in accordance with highly predictable patterns."