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Baby Boomers' Shopping Habits Cost the US Economy 1.2% of GDP, New Study Reveals

International Business Times UK — August 16, 2026 at 11:31 PM UTC

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Baby Boomers' Shopping Habits Cost the US Economy 1.2% of GDP, New Study Reveals

A study by Sveriges Riksbank reveals that middle-aged consumers' shopping habits, driven by baby boomers, weakened competition, reducing US real GDP by up to 1.2% at its peak.