The third-richest person in the world says presidential candidates warning of a slowing U.S. economy are “dead wrong.”
In a letter to Berkshire Hathaway shareholders, chairman and CEO Warren Buffett said, “The babies being born in America today are the luckiest crop in history.”
He said real GDP per capita –– an often-used stat that gauges economic growth without inflation –– has increased by “a staggering” 600 percent since he was born in 1930.
But some critics have pointed out that comparing today’s GDP to GDP 86 years ago might be oversimplified, given all the economic and political changes that have happened in between.
Read more: Newsy