David Foot: the 'young people' problem
They tell you how to save your money and your financial future, what causes a recession and how you can survive it, where to invest your hard-earned cash, and perhaps more importantly where not to invest it. They are the money experts whose prognostications and analyses are echoed across the media. The CBC Digital Archives looks back at some of Canada's best-known financial forecasters. "If you don't create jobs for young people, they either leave or they tear your country apart." This powerful assertion from professor and author David K. Foot is based on his unique approach to understanding economics. By combining two disciplines, sociology and economics, Foot is able to unearth data that is both practical (baby boomers buy minivans) and startling (Iraq wants a ground war because it has so many young men). In this 1999 clip, Foot sits down in the park with Evan Solomon and gives him a demographer's view of individualism.
"People of the same age tend to have the same needs at about the same time... whether you're a boomer or not, you can make money anticipating those needs."
