Category:Baby Boomers
From Life Done Right SeniorWiki
Baby Boomers refers to the generation born in the United States between 1946 and 1964. For more than 50 years, demographers have known that America would be experiencing a rather large "bulge" in the U.S. born population created by the deferral of childbearing during World War II. This population cohort of 76 million in the U.S. has the full attention of workforce planners, retirement advisors and public benefit aging program managers. Despite some adjustments in employer and employment taxes for Medicare and Social Security and increased fees for Medicare participation, these universal federal benefit programs have been operating on borrowed time. The diversity of Baby Boomers, their anticipated longer life span, and their unprecedented number, create challenges for both public policy and the mature marketplace.
Contents |
Baby Boomer Facts
78.2 million: Estimated number of baby boomers, as of July 1, 2005.
7,918: Number of people turning 60 each day in 2006, according to projections. That amounts to 330 every hour.
James & Mary: The most popular baby names for boys and girls, respectively, in 1946. Today, the names Jacob and Emily lead the list; James ranks 17th among boys and Mary is 63rd among girls.
50.8%: Percentage of women baby boomers in 2005.
9.1 million: Estimated number of baby boomers in 2004 who were black. Also, 8.0 million boomers were Hispanic (of any race).
32%: Proportion of Alaska’s population that was part of the baby boom generation, as of the last census. Baby boomers also comprised 30 percent or more of the population in New Hampshire, Vermont and Maine. In contrast, Utah (23 percent) was the only state where baby boomers constituted less than 25 percent.
Then and Now: 141 million. Estimated U.S. population in 1946. Today, the nation’s population stands at about 298 million.
33% and 5%: The proportions of adults age 25 and older with at least a high school diploma and at least a bachelor’s degree, respectively, in 1947. By 2004, the respective proportions had risen to 85 percent and 28 percent.
The Future: $2,695. Average annual expenditures on health care in 2004 for people ages 45 to 54 — the age group that is the heart of the baby boom generation. When budgeting medical expenses, baby boomers should expect increased health-care spending as they age; for instance, those age 55 to 64 spent $3,262 and those 65 and over, $3,899.
57.8 million: Number of baby boomers living in 2030, according to projections; 54.9 percent would be female. That year, boomers would be between ages 66 and 84.
2.1: The number of workers for each Social Security beneficiary in 2031, when all baby boomers will be over age 65. Currently, there are 3.3 workers for each Social Security beneficiary.
4,041: Number of continuing care retirement facilities in 2003. Many boomers could have parents in need of such facilities or may have to move into such a facility themselves in the future.
Staying Young and Fit: 27,813. Number of fitness and recreation centers nationwide in 2003. These are good places to visit on a regular basis for boomers who are trying to become or stay physically fit.
11,938: Number of cosmetics, beauty supply and perfume stores in 2003. These stores carry numerous antiaging skin care products aimed at people in this age group.
External Links
Baby Boomer Books
- Boomer Nation: The Largest and Richest Generation Ever, and How It Changed America by Steve Gillon
- Boomsday by Christopher Buckley
- Marketing to Leading-Edge Baby Boomers: Perceptions, Principles, Practices & Predictions by Brent Green
- Prime Time: How Baby Boomers Will Revolutionize Retirement and Transform America by Marc Freedman
- The Baby Boomers Grow Up: Contemporary Perspectives on Midlife by Susan Krauss Whitbourne
- The Baby Boomer's Guide to the New Workplace by Richard Fein
Related Advertisers
Articles in category "Baby Boomers"
There are 12 articles in this category.
ABC |
EGH |
JS |
