- Personal Finance»
Baby Boomers: By The Numbers
The term baby boomers derives from the large spurt in US births following demobilization after allies defeated Nazi Germany and Japan in World War II.
For nearly two decades, a massive increase in the population occurred, in that America added approximately 77 million people to the world.
In America, baby boomers were responsible for revolutions that changed the nation.
They protested segregation laws, fought for environmental protection, and played an imperative role in pressing the issue of women's rights.
Baby boomers ultimately created the culture of "cool". They were the first to bring trends that were internationally copied (e.g., blue jeans).
Population Also Known As
1.) Baby Boomers
3.) The Bulge
4.) "Pig-in-a-Python" generation
Baby Boomers: Who Are They?
Sociological Research Definition
Who Are The Baby Boomers?
They are the largest generation of Americans born in U.S. history.
- Early boomers span the years 1946-1955
- Late boomers span the years 1956-1964
- Baby Boomers make up 35% of the American adult population
- In 2015, those aged 50 and older will represent 45% of the U.S. population
Unlike their parents who grew up during the Great Depression, Boomers became the great consumers. They became famous for spending all their earnings.
This was the first Western Generation to grow up with two cars garages and chickens in every pot.
Baby Boomer spending and consumerism has fueled the world economies.
They were also the first generation to experience:
- Achievement, optimism, prosperity, and stability
- Increased educational, financial, and social opportunities
- The Cold War, fear of a nuclear attack from Russia, bomb shelters and hiding under a desk at school
- Putting a man on the moon
- The assassination of President John F. Kennedy
- The assassination of Martin Luther King
- The War in Vietnam
- The Berlin Wall going up
- The Women's Movement
- The Civil Rights Movement
- The Sexuality Movement
Baby Boomer Characteristics
Did You Know Someone Turns 50 ≈ Every 7 Seconds?
(That equates to 12,500 people daily)
US Census Data on Baby Boomers
In May 2013, the US Census Bureau reported interesting estimates and projections of baby boomers:
- There were 41.4 million baby boomers in the US at the time.That was up from the 40.3 million, which was reported on April 1, 2010 (Census Day).
- But, a mere 2.4 million was the projected number of baby boomers in 2060. At that time, the youngest baby boomers will be 96 years old.
- Nearly 17% is the projected percentage of the global population that would be baby boomers in 2050, which is up from the reported 8 percent in 2013.
- In the year 2056, the baby boomers will outnumber people under age 18 in the U.S, for the first time ever.
Baby Boomer Trivia
view quiz statistics
How Many Are There?
- Just How Many Baby Boomers Are There?
Data from the U.S. Census Bureau show that there are 76.4 million baby boomers.
The Entitled Generation
Baby Boomers are Workaholics
So, Who Will Take Care Of You?
- Baby Boom and the Growing Care Gap: A Look at Future Declines in the Availability of Family Caregive
This paper provides a national and state-by-state look at the future care gap as the Baby Boomers age over the next few decades. It defines a “caregiver support ratio” as the number of potential caregivers age 45-64 for each person age 80 and older.
Baby Boomer Health & Fitness
Live Your Life Like It Is Golden
- Senior Living Communities | Senior Housing | Golden Girls Network
Find roommates for senior citizen housing through the Golden Girls Network. We connect individuals seeking similar senior living opportunities.
Baby Boomers & Financial Security
- Retirement Security of the Baby Boomers
Article is about the Role of Financial Literacy and Planning for Boomers
The "Second Act"
The Peace Sign
Baby Boomer Profile
Baby boomers are the original teenagers.
They were rule breakers.
They always have done things differently than they were done before.
They created a new life-stage; one defined by the values of the age group such as, rebellion, individualism, risk taking, leisure, entertainment, etc.
The sheer size of the age group is noteworthy. The planet has never contained such an abundance of older people.
Two thirds of all baby boomers are alive today.
Baby boomers remodeled society and have always set the cultural agenda. They played a pivotal role in changing many aspects of American life.
They were brought up in an abundant, healthy post-war economy and became an egocentric generation that triggered social changes, which were ultimately a result of self interests teetering on the edge of philanthropy.
Baby boomers saw the world revolving around them. Nuclear families were their norm and work has been a defining part of their self worth as well as their evaluation of peers.
They live to work. As such, tensions arise between baby boomer and other generations (e.g., X, Y, and Z), as they expect others to have the same work ethic and hours as they do (e.g., 8 a.m. to 5 p.m. workdays).
In the future, a larger population of baby boomers relative to the working age population will increase old-age dependency.
This may present challenges to the government, families, and businesses as they attempt to meet the care giving needs of the growing older population.
The majority of baby boomers are non-Hispanic, White alone. Declines due to mortality are projected for this group as they reach advanced ages.
This is projected to contribute to simultaneous decreases in the percentage of the population in the non-Hispanic White alone category.
Increases in immigration and births to minority populations is projected to produce an increasingly diverse population in the coming years among Americans.
Aging of the baby boomers is also projected to shift the age structure of the whole American population.
Baby Boomers witnessed changes in values on health. The commercialization of exercise and fitness (e.g., rise of chain gyms and work out VHS tapes) made this group recognize the importance of being healthy.
They also witnessed the popularization of healthy eating (e.g., dieting trends, kitchen appliances and celebrity nutritionists).
Despite becoming health conscious, age is physically taking its toll on baby boomers. They become more susceptible to illness and it is harder for them to stay fit.
Grey hair and wrinkles is common for baby boomers now. They tend to have less energy in older adulthood, which is a surreal experience for most because they know their bodies are aging yet their minds are still vigorous, like teenagers.
They may begin to experience some ageism for the first time now, which is also surreal given their generation rebelled against the traditionalism of their parents generation.
Beside, wisdom and experience, baby boomers have many other benefits. Despite the recession, they are still the most financially secure generation.
Most have reached the peak of their careers and shifted their focus away from achievement to simply enjoying their new adventures. According to Maslow’s hierarchy of needs, baby boomers are at the top of the pyramid.
Most baby boomers have few safety, social and self esteem issues. After retirement, they become busy ‘self actualizing’ or pursuing their personal interests as well as taking care of others, especially their (adult) children.
In many ways, baby boomers experience the ‘Second Act’, which resembles adolescence, with a responsibility free life, full of an abundance of idle time explore, travel, adventure, discover, and experiment with new things.
However, the 'Second Act" is driven by a powerful desire to remain active, healthy, and youthful, which often turns into an obsession with vitality.
Baby Boomers pioneered free love and normalized dating as well as divorce more than any other generation.
Whether married or single, they continue to enjoy active sex lives.
Now that many are empty nester's, they have more time and opportunities to explore and experiment with sex at this stage in their lives as they did when they were teenagers.
And, many baby boomers are the heads of inter-generational households. They are friends as well as parents, and grandparents who often socialize and go out together with their offspring and others.
Famous Baby Boomers
Retired professional basketball player
Former track and field athlete and current television personality
Musician, singer, songwriter, record producer, and multi-instrumentalist
Former professional basketball player
Media proprietor, talk show host, actress, producer, and philanthropist
Denzel Washington Jr.
Actor and filmmaker
Sugar Ray Leonard
Former professional boxer, motivational speaker, and occasional actor
Actress, film producer, writer, former fashion model, and a women's Olympics archery team semi-finalist
Actor, comedian, sports executive, and game show host
Politician who served as the 42nd President of the United States from 1993 to 2001
Singer, songwriter, and performer
Actor, producer, and musician
Television personality and film actress best known as the hostess of Wheel of Fortune since 1982
Comedian and talk show host
Business magnate, philanthropist, investor, computer programmer, and inventor
Italian fashion designer and founder of Versace
Kathie Lee Gifford
Television host, singer, songwriter, comedian, and actress
Politician, advocate and philanthropist, who served as the 45th Vice President of the United States, under President Bill Clinton
Comedienne, actress, political activist, writer, producer, and television host
Actress and director
Baptist minister, civil rights activist, television/radio talk show host and a trusted White House adviser
Austrian-born American actor, model, producer, director, activist, businessman, investor, writer, philanthropist, former professional bodybuilder, and politician
Actress, comedian, writer, television producer, director, and 2012 presidential nominee of the California-based Peace and Freedom Party
Singer-songwriter, instrumentalist, actress, author, business woman, and philanthropist
Journalist and author
Actress, filmmaker, former songwriter, and model
English singer, songwriter, composer, pianist, record producer, and occasional actor
Tommy Lee Jones
Actor and film director
Film actress, director, producer and screenwriter
Singer, songwriter, actress, and businesswoman
Alternative rock singer, songwriter, musician, actress, and visual artist
Baby Boomers & Modern Technology
Baby boomers have played a large role in technological change.
Today, it is almost customary for a TV to be in every home (perhaps in every room too).
There has been a rise in devices that ease and automate almost everything, such as laptops and cellphones.
And, Steve Jobs, the CEO of Apple, Inc. was a baby boomer.
However, baby boomers are not in the forefront of the social media revolution.
There is a big “disconnect” between baby boomers and social media.
For two years in a row, Pews Internet Research reported that baby boomers straggle behind younger generations in their adoption of social networks.
Merely five in 10 baby boomers aged 50-64 use social networking sites, that is compared to the eight in 10 users aged 18-29 and seven in 10 aged 30-49 years old.
Embrace Modern Technology
Gadgets Every Baby Boomer Needs
RealPad by AARP
Baby Boomers Are Using More Technology
Despite their uncertainity, baby boomers are starting to use more social networking.
It has been reported that the number of users has doubled from 25% in 2010 to 51% in 2011, which is the fastest growth rate of any generation.
More baby boomers are interested in social networking for a number of reasons such as,
- To keep in contact with their children and grandchildren
- To send emails
- To sign up for Facebook and online dating sites
- To check their medical information
- To do online banking
- To check online news sites
- To read e-books
- To make travel arrangements
- To participate in online health forums
- To reconnect with people from the past
These are just a few reasons that sparked the interests of baby boomers but they are often still uncertain and uneasy about how to use the technology especially with the constant changes and upgrades to devices, programs, software, etc.
The good news is there are great products on the market to help simplify technology for the baby boomer generation and anyone who is a beginner to modern technology and wants to stay connected.
Also, when helping a baby boomers with modern technology, patience is a virtue. Remember they are trying to adapt to something totally new.
As long as they are willing to adopt something new, which has always been apart of their character as a group, baby boomers can go from tech novices to techies in due time.
Which Generation Are You?
Baby boomers created a new lifestyle, lingo, and perspective about getting older.
And, Baby Boomers are here to stay.
Every day, approximately 10,000 of us are turning 62 years old and this will continue for another 17 years!
Life is no longer seen as going downhill in older adulthood. It is now seen as rather a time of rediscovering yourself.
It is less of a finale and more like the beginning of a journey toward self-discovery.
Although some baby boomers might be beginners on the workings of new technology, they show great potential via years of excellence in the workforce in addition to revolutionary living experiences!
As a unified group they have clout, a voice and power in numbers. Now they leisurely seek meaning, purpose, ways to give back, and renewal.