Part 3/8:
With many Millennials achieving significant life milestones later than previous generations—such as securing jobs, starting families, and purchasing homes—Zion predicts that we won't see a decrease in consumption until these older Millennials reach the age of 50, roughly five years from now. This delay has been a critical factor in sustaining consumption levels, and thus, it leads to a relatively stable economic outlook until approximately 2032.
Industrial Growth and Robust Employment