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John Hope Bryant on Financial Literacy

Masters in Business

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The Importance of Demographics in the Economy

70% of the US economy is consumer spending. Are you suggesting that we need the poor to continue this process of entrepreneurship and building businesses? Is that your story? I'll go one step further. My rich friends need my poor friends in order to stay rich. We literally need each other. Demographics are destiny. There's not enough college educated white men to grow the economy for the next 30 or 40 years. It's just mathematically impossible. So you need minorities. You need women. And so that China does not get its way of illegitimately becoming the leader of the world by cheating at capitalism and free enterprise with their partner Russia. They want to be us and they can

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