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History Of Baby Boomers
The baby boomers generation is one of the largest in history. From 1946 to 1964, over three million babies a year were born to Americans. The present number of baby boomer is estimated at around 77 million individuals. Their ages range now 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 good to look at the baby boomers generation in the perspective of history. Bear in mind that the Great Depression was in full strength just before the out-break of The second world war. Jobs were rare and income was very low. Many families delayed or eschewed childbearing only because they could not afford it. Birth rates remained very low during the War as numerous men were called into military. It took a few years after the end of the War for it to become sure that the economy was thriving and for families to be prepared to take the leap of having children.
A thriving economy continued throughout most of the 60's and birth rates didn't start to drop until 1965. The War had changed the nature of US families as well. Girls went to work outside the home in droves to replace the manpower lost to the army, and some continued to work after the War finished. Returning service people took advantage of the the GI Bill to go to school and the VHA to purchase 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 growing up, the entire US culture went through a number of changes. Most of them were too young to remember much about the Korean War, but some did experience the Cold War and the escalation of nuclear weapons. Some remember significant historical events clearly, like the Cuban Missile Crisis when the country seemed on the edge of war with the USSR. Some recall the assassinations of President John F. Kennedy, Robert Kennedy and Martin Luther King. Some 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 American history. They seen the Human rights Movement and the Women's Rights Movement. The Vietnam War and all of its suffering and damage were not distant, but seen every day in almost 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 era and the latter at its end.
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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.
Baby Boomers' Retirement: Some Major Impacts On American Economy
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Things You Need To Know About The Baby Boomer Gen
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Current Issue Of The Millennial Generation
Roughly the same size as the baby boomer generation, the millennial generation of about 78 million represents an echo of that baby boom. They are a demographic whose lives center around advanced technology. This generation is likely to have several changes in careers during their working years.
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