The generation of people who lived through the Great Depression is much more fiscally conservative than the baby boom generation.The baby boomers have tended to spend more freely,amass more debt,and save significantly less than those who lived through the Great Depression.
(A)As those who lived through the Great Depression pass away,they are leaving their accumulated wealth to their baby boom children.What effect will this have on the consumption share line? Please explain.
(B)As the baby boomers continue to spend freely,how might their spending affect consumption expenditures in the future?

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The Answer of The generation of people who lived through the Great Depression is much more fiscally conservative than the baby boom generation.The baby boomers have tended to spend more freely,amass more debt,and save significantly less than those who lived through the Great Depression.
(A)As those who lived through the Great Depression pass away,they are leaving their accumulated wealth to their baby boom children.What effect will this have on the consumption share line? Please explain.
(B)As the baby boomers continue to spend freely,how might their spending affect consumption expenditures in the future?

The Generation of People Who Lived Through the Great Depression