OK, it sounds like a joke, but this was the format for today’s fascinating ULI Breakfast Meeting. For me, the most interesting part of today’s discussion was Generation-Y. Specifically, women of this generation will be better educated than men and are higher paid. Gen-Y women will make the critical decisions and are more fiscally conservative.
Other items of interest:
• Immigrants will account for one-third of the Washington-area’s population growth in the coming years.
• Households-with-children will drop from nearly half of the households in 1960 to one-quarter of households in 2040.
• We should expect a 35-year economic boom cycle to begin around 2015.
• The lifespan of US residents will reach 120 years. Today’s younger generation can expect to live past 100.
• In the future, organ replacement will be as common as replacing a transmission in an old car.
There are some interesting and thought-provoking forecasts to hear; but we can be assured that a paradigm shift is underway that will change the way we do business to meet the market demand.
-Dan
