ARTICLE
A key trend that will affect every industry is how closely related two seemingly divergent generations actually are. The buying power of the emerging millennials will bring about significant, positive changes to the economy as they enter the workforce, similar to what the baby boomer generation did in their heyday of the early 1980s, according to Michael Alderman, vice president of leasing and development of Liberty Property Trust, which has an office in Bethlehem. Alderman joined other experts who unveiled many industry trends before an audience of about 500 business executives at a commercial real estate outlook and awards program Tuesday hosted by the Greater Lehigh Valley Chamber of Commerce at DeSales University in Center Valley. In 1980, the boomers made up 79.5 million people between the ages of 15 and 35, about 35 percent of the U.S. population, Alderman said. Today, the millennial generation makes up 84.3 million people in the same age bracket, which equates to about 27 percent of the U.S. population. Click here to read the article.