Monday, January 7, 2013
The Average Baby Boomer.
Thick fog. Not too bad up here on the ridge but an impenetrable pea souper down in the valley. For some reason all the bakers closed. A day for supermarket croissants and baguette. Spongy and bland. Not like the real thing.
Over breakfast ' the font ' translates an article in the paper. Seems the average baby boomer turned 55 years old on 1st January. The story goes onto say that household spending typically peaks between the ages of 45 to 54 but slips to 92% of this level between 55 to 64 as people then only need to buy replacement products rather than new items. It falls to just 67% of peak spend by the age of 65.
Angus looks forward to signs that our household expenditures will soon start slipping.The Rickety Old Farmhouse may have different ideas.