Question

How are you impacted by the economic growth of the country "Canada"?

What is Boomernomics? How do they impact the global economics next 20 years globally? What are the 3 industries that will be benefited from the retirement of the “BABY BOOMER GENERATION”?

Answer 1

Economic growth of Canada will lead to more income being sent by the immigrants in Canada. They will send more money home, which will lead to overall economic growth of the home country. If I am a citizen than I will get more opportunities and chances to earn a living with higher income.

Boomernomics is an invesment strategy wherein people will invest in companies whose products will be used by the baby boomers. Baby boomers were born after the culmination of World War 2, thus as this group ages, there will be higher demand for medical and luxury products.

Thus people will invest more in such companies whose demand is expected to rise because of this aging which will impact the global economics in next 20 years as new companies will emerge to cater to this increase in demand over the next coming years in such industries.

The luxury market of vacations will benefit as the generation will spend on travel and hospitality industry.

The market for homes will benefit as they will invest and spend on acquiring new homes with their savings.

The market for medicines and healthcare as the demand will increase.