In 2002 Dan Arnold echoed this theory in his book The Great Bust Ahead, with the big spenders being 45-54 year olds, and their numbers peaking in 2011-2012.
New Wave music | New Wave | new wave | New wave music | new wave music | wave | The Wave | New Wave Blues | Milwaukee Wave | J-Wave | Traveling-wave tube | The Wave (2008 film) | The Third Wave (book) | Operation Tidal Wave | New Wave of British Heavy Metal | 2003 European heat wave | Wave Hill | Wave-Gotik-Treffen | Walt Disney Treasures: Wave One | T wave | Tulane Green Wave | The Third Wave | The New Wave | Sine wave | My Wave | Medium wave | medium wave | Long Wave | continuous wave | Breaking wave |