Baby boomer

(Redirected from Baby Boom)

The term baby boomer most commonly refers to people born during the years 1946 to 1964 worldwide.[1][2] In Canada it is anyone born between 1960 and 1980.[3] Australia identifies baby boomers as those born between 1946 and 1961.[3] Generally, after 1960 the birth rate started falling.[4] In 1951, Sylvia F. Porter, a columnist for the New York Post, first used the term baby boom for the rapid rise in birthrate after World War II.[5]

Economic impact

From 1945 to 1964 about seventy-seven million babies were born in the United States.[6] In the 1950s baby boomers bought Mouse-ear hats after they watched "The Mickey Mouse Club". They danced to rock and roll and idolized singers like Elvis Presley. Hula hoops and Barbie dolls were wildly popular.[7]

By the 1960s many baby boomers were teenagers. They spent nearly $20 million on things including food, clothing, and recorded music.[8] Businesses were eager to find ways to meet their demands. By the 1970s entire industries were changing because of baby boomers.[8]

Aging and end-of-life issues

In 1998 the baby boomers began to discuss about their end-of-life issues; but many commentators think they have became burdens for their children and society.[9] According to the 2011 Associated Press and LifeGoesStrong.com surveys:

60% lost value in investments because of the economic crisis

42% are delaying retirement

25% claim they will never retire (currently still working)[10]

Baby boomer today

The oldest baby boomers are 80 in 2026 and one in five Americans will be 65 years old in 2030. Many people believe they will become a stress on social welfare systems.[11]

Baby Boomer Media

References

  1. ↑ Dimock, Michael. Defining generations: Where Millennials end and Generation Z begins (in en-US). Pew Research Center (January 17, 2019). Retrieved 2020-11-08.
  2. ↑ Baby Boom Generationu-s-history.com. Retrieved 12 March 2015.
  3. ↑ 3.0 3.1 Matt Rosenberg. Baby BoomAbout.com. Retrieved 12 March 2015.
  4. ↑ Jose Miguel Rivera. Prolonged Health for Baby Boomers, Creative Retirement Transition for the WorkforceNew York University. Retrieved 12 March 2015.
  5. ↑ Sol Steinmetz, There's a Word for It: The Explosion of the American Language Since 1900 (New York: Harmony Books, 2010), p. 99
  6. ↑ Baby Boomer Generation Fast Facts (1 September 2014)CNN. Retrieved 12 March 2015.
  7. ↑ Baby, boomer. Baby boomer market. www.history.com.
  8. ↑ 8.0 8.1 Baby BoomStudy Notes, LLC. Retrieved 12 March 2015.
  9. ↑ Baby, boomer. End-of-life issues. www.bizjournals.com.
  10. ↑ Baby, boomer. Aging and end-of-life issues. www.livingbetterat50.com. Retrieved 2015-03-12. 28 January 2013
  11. ↑ Baby, boomers. Baby boomer today. www.history.com.