The US economy looks promising. The future generations are more likely to enjoy life than the parents have. The standards of living are also expected to go high in years to come. Many generations to come will continue enjoying life in a far much better way than the previous ones. This has been the perception some years back. However, right now, there are mixed signals on the same issues. Some Americans feel that the economy is growing at snail’s pace meaning that the quality of life might not be as good as it was expected in years to come. Most people who think the future looks grim are quoting the 2% economic growth expected as their basis of truth.
However, amidst all this hullabaloo, there is one man who is showing confidence in the U.S economy. This is none other than Billionaire Warren Buffett. Buffett is one of those people whose opinion about matters of economies count significantly. He has been in the business life long enough to know when the economy is doing well and poorly.
Warren Buffett is one of those who believe that the overall growth going into the future looks better than what may want to say. The most significant figure in a country’s economic growth is the GDP. As long as the GDP is good, economic development will follow. GDP highly depends on the population growth of a country. While the country grows at 2% and the population growth rate stays as low as possible, in long-term, the standards of living will go up.
Warren Buffett remains optimistic and hopes that in years to come, investors who are making the right investment choice currently will reap big from their investments. Berkshire Hathaway, the company that Warren Buffett leads continues to generate gains from its investments. Buffett expects nothing short of what is happening currently.