Consumer spending has been remarkably resilient, growing for the past two years faster than consumers\u2019 disposable incomes have and depressing their saving rate. Current trends point to a negative saving rate by 2030. But that\u2019s nothing to worry about, explain Ed and Elias. What we have isn\u2019t a \u201cK-shaped\u201d economy, with the affluent spending briskly and everyone else struggling to make ends meet, as many assume. It\u2019s a \u201cG-shaped\u201d economy\u2014generational factors explain the data anomaly. The massive ranks of retired Baby Boomers, with no paychecks anymore but plenty of assets and leisure time, are keeping spending aloft. \u2026 Also: Ed reviews \u201cThe Sheep Detectives\u201d (+).<\/p>\n
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