So I wake up the morning and it is going to be my fault that there will be a problem in the auto industry. We will have to use our ever reducing superannuation to live on instead of buying a new car, that is after our generation has paid off their kids outstanding credit car debts, etc.
Article: the Vancouver Sun: Age boomers may stall auto industry.
As the auto industry gets a much-needed boost, buoyed by demand for new cars in growing markets such as China, a new report warns that the retirement of the baby-boom generation will hurt sales in North America over the coming decades.
“Growth in the vehicle-buying population is set to slow to the slowest pace in more than 50 years,” Carlos Gomes, a senior economist with Scotia Economics said in a news release. (more…)




