Growth Through Localization and Longevity

The future holds significant potential for economic growth in North America, driven by the localization of industrial production and an anticipated demographic shift as millennials' children enter the market. Progress is expected to occur by 2040, resulting in a system resilient to international economic shocks, characterized by local workers serving local needs. While this transition may be challenging, it presents a compelling growth narrative rather than a mere abundance story. Moreover, advances in health and longevity promise to add two extra decades of healthy life, which could contribute an estimated $38 trillion to the global economy. This demographic shift will empower more individuals and augment economic activity, fostering optimism for the next two decades.