So here is my theory:
Obamacare will remove a significant amount of disposable income from the economy by significantly raising the premiums and healthcare costs of young people who tend to spend money supporting various frivolous industries. This will have a pronounced effect on the economy thereby pushing us into a depression. That opinion is based on various topics I have heard or read. However I dont know how factual my sources and information were.
So I need reliable info concerning the following:
1. What % of the economy is consumer spending on discretionary items? ~70%?? (this appears to be misleading due to healthcare costs being counted as discretionary)
2. What age demographic spends the most in that category?
3. What % of people live in poverty or near poverty by age groups? (This is actually somewhat hard to find. I have seen 10 reports with 10 different metrics) The reason why I want to know this is the theory that taking money away from the young will disproportionately affect the economy.
4. Is the the velocity of money influenced more by the elderly or the young?
Obamacare will remove a significant amount of disposable income from the economy by significantly raising the premiums and healthcare costs of young people who tend to spend money supporting various frivolous industries. This will have a pronounced effect on the economy thereby pushing us into a depression. That opinion is based on various topics I have heard or read. However I dont know how factual my sources and information were.
So I need reliable info concerning the following:
1. What % of the economy is consumer spending on discretionary items? ~70%?? (this appears to be misleading due to healthcare costs being counted as discretionary)
2. What age demographic spends the most in that category?
3. What % of people live in poverty or near poverty by age groups? (This is actually somewhat hard to find. I have seen 10 reports with 10 different metrics) The reason why I want to know this is the theory that taking money away from the young will disproportionately affect the economy.
4. Is the the velocity of money influenced more by the elderly or the young?