I’m sorry what? If anything that’s something to be proud of, good on the baby boomers for not being that materialistic and no the US ain’t losing so far...
RE: Why USA is losing to China?
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Why USA is losing to China?
I do not mean to speak ill of the boomers. It is great that they are saving and want younger generation to emulate. But how the economy works comes down to buying and selling goods and services. Costco is "cheap buy in bulk" of mostly daily essentials and if China's demand is higher than US than it's another sign US is lagging behind. Not a good sign for average household. Middle class basically getting crushed while rich, mostly boomers, are getting even richer. Just feel like it because even a store like Costco there looks to be a large China population demand.
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