To: michael97123 who wrote (46645 ) 5/13/2001 11:42:13 AM From: Gottfried Read Replies (3) | Respond to of 70976 Hi Mike, since you're counting on the boomers, here's what Dr. Ed said today on the topic... >Sunday morning, May 13, 2001 COMMENT: Many economists are surprised by the strength in retail and housing sales. Apparently, they don't have kids. As the father of five, I know that we Baby Boomers will be spending lots of money on our Baby Boomlet for quite some time even if we've lost some of our job security and some of our stock market wealth. Today, there are roughly 76 million Baby Boomers, who were born between 1946 and 1964. They are 37-55 years old. They've been busy with their careers, but not too busy to have some sex along the way: They've had an estimated 75 million kids--currently aged 0 to 25 years old-- since 1976. These kids cost lots of money to house, clothe, feed, transport, entertain, and educate. In poor agrarian societies having kids is often an economic necessity to provide extra labor to tend the livestock and bring in the crops. In modern industrial societies having kids is a sign of optimism about the future. The birth rate is currently relatively high in the US and low in Japan. Rapid population growth in modern economies often is associated with rapid economic growth. The Census 2000 counted 281.4 million people in the United States, a 13.2% increase from 1990. The population growth of 32.7 million persons represents the largest census-to-census increase in American history. The previous record increase was 28.0 million people (an 18.4% increase) between 1950 and 1960. Both the 1950s and 1990s were decades of prosperity. Let's keep the prosperity going: Have kids! I am doing my part for the good of the country: Laura Juliette joined the Yardeni Bunch on Friday, May 11. Fortunately, the beautiful baby girl looks just like her beautiful Mom. <yardeni.com