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Stop Whining! New Generation in America Today Are the Luckiest Crop in History

As usual Warren Buffet released his annual letters to Berkshire Hathaway Inc. shareholders and he has a message to a broad audience to reject the economic pessimism that candidates espouse during election year: “As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves do. That view is dead wrong: The babies being born in America today are the Luckiest Crop in history. American GDP per capita is now about $56,000.” Berkshire and America in general will continue to benefit from the “all-powerful trend” toward more productivity that has made the country great. Buffet wrote that over the course of his lifetime the nation’s economic output has risen six-fold per capita, “a leap far beyond the wildest dreams of my parents or their contemporaries.” (berkshirehathaway.com)

 

The post Stop Whining! New Generation in America Today Are the Luckiest Crop in History appeared first on Personal Finance News.



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