I think what we are seeing here is a historical shift.

As the baby boomers continue to retire they will leave job vacancies to the tune of 2-3 million+ jobs/year and will then finally start using their pensions/401k's.

The economy will rise.


I saw it coming 10 years ago. Even if no new jobs are created the unemployment rate will fall because old people will get out of the job market.

Of course 10-15% of old people will continue to work as has been the historical norm.


But that leave another burden. Instead of paying unemployment benefits that money will now be paid to Social Security retirement benefits.


Still most seniors have more than just Social Security saved up and will spend that money into the general economy as the Majority of them already have their house paid off.


We will see. A lot of variable to consider.