The discussion surrounding the market in recent trading days has been centered on three core stories; the lofty level of the US equity market following a long and steady run up, the pending effects of the Fed’s shifting interest rate policy on the markets and the economy, and the seemingly never ending discussion on Greece. Those issues dominate the pages of the papers and the pundits on TV. Frankly I have become little tired of this trio of ongoing sagas, and decided to look at another trend which is potentially as important to the market; the return of the American consumer.
After having done some intensive planning with a client I was reflecting on some of our conversation. This led me to realize that you could view life in three different stages. Following our conversation about trying to make certain the client’s assets lasted 90 years, I realized the ease of dividing a 90 year period into three very distinct buckets of time. The buckets I’ll define as 0 to 30 years of age, 30 to 60 years of age, and then 60-90 years of age. Some define a generation as a thirty-year period of time which I think suites this topic well. The generations of worry.