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The Generation Baby Boomers
The baby boomers generation is one of the biggest in history. From 1946 through 1964, over three million babies a year were born to Americans. The current number of baby boomer is estimated at around 77 million persons. Their ages range currently from the mid 40's to the mid 60's. This means that some boomers are now in midlife and others are entering or have already entered retirement.
It's great to look at the baby boomers generation in the context of history. Keep in mind that the Great Depression was in full strength just before the outbreak of The second world war. Jobs were limited and income was low. Many families delayed or eschewed childbearing only because they couldn't afford it. Birth rates remained low during the War since lots of men were called into military. It took many years after the end of the War for it to become clear that the economy was thriving and for families to be prepared to take the leap of having children.
A growing economy continued throughout most of the 60's and birthrates didn't begin to drop until 1965. The War had altered the nature of American families as well. Females went to work outside the home in droves to replace the work force lost to the military, and some continued to work after the War ended. Returning service people took benefit of the the GI Bill to go to school and the VHA to buy homes. Baby boomers were more likely to have higher educated parents, working mothers, and to live in home owning households.
While the baby boomers generation was getting older, the whole US culture went through a lot of changes. Most of them were too young to recall much about the Korean War, but many did experience the Cold War and the escalation of nuclear weapons. Some remember important historical events clearly, such as the Cuban Missile Crisis when the country seemed on the edge of war with the USSR. Many recall the assassinations of John F. Kennedy, Robert Kennedy and Martin Luther King. Others remember most clearly events like Watergate, the resignation of President Nixon and the draft related to the Vietnam War.
The baby boomers generation has left a broad and deep footprint on US history. They experienced the Human rights Movement and the Women's Rights Movement. The Vietnam War and all its suffering and damage were not distant, but seen daily in nearly every home on television. Both former President George W. Bush and President Barack Obama are basically members of the baby boomers generation, the former born at the beginning of the period and the latter at its end.
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The Baby Boomers Are Getting Elderly The members of the country's largest generation are now at middle age or beyond. As baby boomers age, they will be faced with adapting to the needs and demands of their age groups. Aging means responding to both financial and physical changes that need to be addressed.
Baby Boomers Includes A Span Of Over Twenty Years The age of the baby boomers encompasses a span of over 20 years. This generation includes individuals in their mid to late 40's to those in their 60s. And while many are still in the workforce, those in their 60's are contemplating the lifestyle changes associated with retirement.
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The Retirement Of Over 77 Million Baby Boomers On The Overall Economy As over seventy-seven million baby boomers retire, they will have a significant impact on the US economy. The health care needs alone, of this aging population group will make demands on an already weakened economic system. And the health care system itself could easily be overwhelmed.
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