In advertising, the magic demographic is 18-34 — but Baby Boomers still seem to be driving the U.S. economy.
Economists see job, population growth for Arizona in 2013
Professor Lee McPheters says
"Population growth is associated with increased demand for housing. Increased demand for housing leads to expanded commcercial and office and industrial building. Typically, construction and population growth go hand in hand. That's always been a hallmark of Arizona economy growth, to see those two indicators increasing."
But he warns that the across-the-board defense cuts that will go into effect if the U.S. goes off the fiscal cliff could be very damaging. McPheters says
McPheters says he assumes the debate over the fiscal cliff will lead to a solution, but that there are no guarantees.