> Warren Buffett Blog: Your kids will live better than you do

Wednesday, June 7, 2017

Your kids will live better than you do

The economy is – everything I see has been the same since 2009 – the fall of 2009. It keeps moving ahead at a couple percent a year, which is terrific, incidentally. Not as terrific as 3 percent or 4 percent would be, but if it just stays at 2 percent, you'll add in one generation 19,000 of GDP per capita to our present economy. 

We'll have so much more stuff then than we have now, it'll be fabulous, one generation away. So your kids are going to live better than you do. But people – would rather have 3 percent or 4 percent, and maybe we'll get it. But 2, we're moving forward.