Can the Millennials Spend America Into a Permanent Economic Expansion?

As the longest running economic expansion since the 1850s continues, many wonder how long the good times can last. Do economic factors support continued growth, or will the decade-long good times come to an end?

Some believe that Federal Reserve monetary policy could paper over any risk of an immediate recession. Then, rising spending among the Millennial cohort — which is larger than the Baby Boomer group — might push the country into virtually permanent growth for years to come.