Baby Boomers Statistics
Statistically, baby boomers are the largest age group in American history. They number approximately 77 million and control a substantial amount of the wealth and spending capability of the economy. As this generation enters retirement, the alterations in their spending power will likely generate a noticeable effect on the economy as a whole.
Baby boomer statistics uncover a good deal about this huge and major generation. To start with, those designated as baby boomers are the product of the "baby boom" which was a steep increase in the birthrate in the USA, North America, and much of western Europe following World War II. Baby boomers are sometimes further divided into two types. A first cohort simply called "baby boomers" are the ones born in the first half of the period between 1946 and 1964, while those born in the second half of the period are referred to as "Generation Jones."
The "Generation Jones" nomenclature originates from the writer and journalist Landon Jones who coined the term baby boomer in his novel "Great Expectations: America and the Baby Boom Generation." Generation Jones members would have absolutely no memories of wars until the outbreak of the conflict in Vietnam.
One of the most significant of baby boomers statistics is their sheer size. Baby boomers count just about 77 million individuals. Because of their numbers they certainly play a very large role in politics, the economic system, and the culture itself. As they now are passing beyond middle age, they will mean increased demands for geriatric health care and much more strain on entitlement programs such as Medicare and Social Security.
The economical impact of the baby boomers cannot be overlooked. In the United States alone, over 50% of the discretionary spending power rests with the baby boomers and they are responsible for around half of all consumer spending. In the area of medical care, baby boomers buy 61% of over the counter medicines and an astonishing 77% of all prescription medications. Even their vacation habits play a big role in the economy with boomers accounting for about 80% of all leisure travel.
With baby boomers start to get older and approach and enter retirement, there are concerns that their decreased spending capability may have an adverse impact on the economy. And the baby boomers are aging. It is estimated that a baby boomer in the USA turns 50 every 8.5 seconds! There's no question that these "Golden Boomers" are going to impact all areas of American life now and for almost the next twenty years.
History Of Baby Boomers
The baby boomers generation is one of the largest in history. From 1946 through 1964, over 3 million babies a year were born to Americans. The current number of baby boomer is estimated at approximately 77 million individuals. Their ages range currently from the mid 40's to the mid 60's.
Baby Boomer Generations
The baby boomer generations can be divided into the initial group of people born in the first half of their generation and the "Jones Generation" born in the second half. More recently, the "Golden Boomers" have been identified as those in or nearing retirement.
The Baby Boomers - Facing Retirement & Aging With Plenty Of Troubles
The baby boomers are the "golden generation" born in the prosperity and relative peace following World War II. While most think of the boomers as the children of one continuous time period, others divide them into two sections, with those born between 1946 and 1953 being the original baby boomers.
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Things You Need To Understand About The Baby Boomer Gen
The large size of the baby boomer generation has caused them to shape the culture of America first as a youth culture in the 60's and 70's and again in the 21st century as they become a large aging population. Boomers have a long history of political activism.
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Retiring Baby Boomers - A Flood Of Folks Entering Retirement Age With A Lot Of Problems
Retiring baby boomers will represent the largest ever numbers of people entering retirement age in such a short period of time. While some have benefited from the general affluence of this generation, others have not been able to save for retirement or have seen their funds decimated as stock prices fall.
Generation Baby Boomers: Brief Discussion On Their Past And Present Problems
The generation baby boomers falls within those born of the post war baby boom between 1946 and 1964. (Some authors and some other countries have used slightly different time ranges for this generation.) The name most likely comes from a book about the baby boom in America written by Landon Jones.
Age Of The Baby Boomers And Big Alterations
The age of baby boomers has included massive changes in both the social structure and in the development of science and technology. Baby boomers have experienced radical alterations in human rights and in the necessity for protecting the environment.
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