Peter Francese
Peter Francese
Peter Franceseis an American speaker and writer on the subject of populations and consumer trends. Francese works with many non-profit organizations and major American corporations, such as MetLife and others. He is a frequent contributor to Advertising Age...
affluent bulk class danger depending forward fraction future households large middle provide relatively small
The danger going forward is that the formerly large middle class is shrinking, and we are depending on a relatively small fraction of affluent households to provide the bulk of future consumer-spending growth.
anyone higher surprised
We were surprised at the incidence rate. It was higher than anyone expected.
against capital gets hampshire low northeast older reputation retirement tax
When New Hampshire gets the reputation as the retirement capital of the Northeast because of its low tax burden, we're in really, really big trouble. I have nothing against older people, but we are unbalancing the demography; we are unbalancing it big time.
absolutely reasons
It's absolutely a real phenomenon. There are a lot of reasons why it's happening.
buy house people
That enabled people to buy much, much more house than they would have otherwise.
awful general people public stock sure viewed
An awful lot of people are skittish about the stock market, but real estate, that's viewed in the general public as a sure thing.
income top toward
Income is tilting toward the top end of the scale.