It is a known fact that people in the 45 to 54 age bracket are in their prime earning and spending years. In the last year the number of employed 45 to 54 year olds has DECLINED by 67,000. It DECLINED in May by 51,000. It has DECLINED by 187,000 since February.
It is a known fact that people over 55 dramatically reduce their spending as they approach and enter their retirement years.
The Boomers have added 824,000 jobs in the last year, or 28% of all the new jobs added.