I read an interesting article forecasting the future of global economy on “Generation X, Y” theory .
born after the Western post–World War II baby boom ended. The term generally includes people born from the early 1960s through the early 1980s, usually no later than 1981 or 1982.
And “Generation Y”:
Generation Y, also known as the Millennial Generation (or Millennials), The Facebook Generation. Birth dates ranging somewhere from the mid-1970s to the late 1980s, early or mid 1990s, or as late as the early 2000s.
After these definitions, everyone knows where does he stand. In my case I’m a “Y” young man who has not hit midlife wealth like past generations, but the future is between my hands. Although I lack money but I have the time and energy to kick the future, while GenX has ended his work life with money in pocket and some time to spend it.
With whom do the economy goes?
Gen Y of course, but to where? According to Forbes article: When Gen Y Hits Mid-Life, U.S. No Longer World’s Leading Economy Gen Yers will lead their “emerging countries” (BRICS specifically) to a brighter future while:
Gen Y in the U.S. watching America lose its status as the world’s largest economy.
- China overtakes USA in 2020 as economy leader
- India will pass China in 2050
- U.S. economy is expected to have a GDP of $39.07 trillion by 2050
- Chain will shrink the 9 times gap of the income per capita (US around $45,000 while China’s is a little over $5,000)
- More Gen Yers moving to Singapore, Hong Kong, Mumbai or even closer to home, in places like Rio de Janeiro and São Paulo
- Brazil forecast to be the fifth largest economy by 2050, up from No. 7 now (According to Mentega to takeover France in 2015)