Baby boomer
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The term baby boomer most commonly refers to people born during the years 1946 to 1964 worldwide.[1][2] 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.[3]
Economic impact
[change | change source]From 1945 to 1964 about seventy-seven million babies were born in the United States.[4] 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.[5]
By the 1960s many baby boomers were teenagers. They spent nearly $20 million on things including food, clothing, and recorded music.[6] Businesses were eager to find ways to meet their demands. By the 1970s entire industries were changing because of baby boomers.[6]
Aging and end-of-life issues
[change | change source]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.[7] 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)[8]
Baby boomers today
[change | change source]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.[9]
References
[change | change source]- ↑ Dimock, Michael (January 17, 2019). "Defining generations: Where Millennials end and Generation Z begins". Pew Research Center. Retrieved 2020-11-08.
- ↑ "Baby Boom Generation". u-s-history.com. Retrieved 12 March 2015.
- ↑ Sol Steinmetz, There's a Word for It: The Explosion of the American Language Since 1900 (New York: Harmony Books, 2010), p. 99
- ↑ "Baby Boomer Generation Fast Facts". CNN. 1 September 2014. Retrieved 12 March 2015.
- ↑ Baby, boomer. "Baby boomer market". www.history.com.
- 1 2 "Baby Boom". Study Notes, LLC. Retrieved 12 March 2015.
- ↑ Baby, boomer. "End-of-life issues". www.bizjournals.com.
- ↑ Baby, boomer. "Aging and end-of-life issues". www.livingbetterat50.com. Retrieved 2015-03-12.
{{cite web}}: CS1 maint: deprecated archival service (link) 28 January 2013 - ↑ Baby, boomers. "Baby boomer today". www.history.com.
