The Baby Boomer generation is once again taking credit for saving the economy, according to Reuters.

The enormous spending power of the 77 million citizens born between 1946 and 1964 has helped keep the last two consumer-led recessions short and shallow. A large portion of Boomers' savings is tied up in home equity and stock market investments through 401(k) plans, but as many Boomers approach retirement, they are less likely to make any drastic investment changes during a recession that is expected to last a year or two.

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