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The Baby Boomers Are Getting Aged
As baby boomers age, they face a whole new group of challenges and situations from those in their younger years. While the youngest of the baby boomers, the people of what is usually called "Generation Jones", are only in their mid forties, the oldest of this largest of American generations begins turning sixty-five this 2011.
Even the youngest of the baby boomers are past the first bloom of youth. A generation that once declared "Never trust any person over thirty" now begins at the age of forty-six. Since most of them are still working and will be spending into retirement and Social Security systems for much more years, they too are keenly aware of the implications of their aging generation and its oldest members.
Individuals in their 40s may still be entrenched in child rearing especially since it is no longer regarded unusual for a woman to begin a pregnancy in her 40s. In fact, with innovations in reproductive treatment, it has become feasible for women to conceive quite a bit past the usual age of childbearing. Several have become financially effective to the degree necessary to afford innovative ways of having a child later in life.
Thus, some baby boomers in their fifties or older may have very young children while most in this age group have kids who are college age or older. For the latter, rising costs of higher education are a perennial matter.
And what of the oldest of the baby boomers? To them, children are mostly grown and gone from the home and their issues encompass the quality of their lives after retirement. While baby boomers generally control a great proportion of the national wealth and buying power, that often decreases on retirement incomes.
Many baby boomers have organized properly and have portfolios of stocks and other investments that will provide a comfortable retirement, but others either may not have planned well, had not made enough to save or invest, or saw their savings diminish in stock market collapses.
As baby boomers age they also face the reality that health and physical abilities will likewise impair their retirement lifestyles. Furthermore, declining health may also mean increased medical expenses that can be particularly troublesome on a fixed income.
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The Millennial Generation And Their Present Situation
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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The Baby Boomers- Their Number Is Quite Alarming
Baby boomer ages range from the mid forties to the mid sixties. Some are still raising children while others have grown children and grandchildren. This largest generation in American history will impact society with all the issues of their retirement.
Some Information About The Baby Boomers Generation
The baby boomers generation is one of the largest in history. From 1946 through 1964, over 3 million babies a year were born to Americans. The current number of baby boomer is estimated at approximately 77 million individuals. Their ages range currently from the mid 40's to the mid 60's.
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Baby Boomers Retirement - Heading South For The Golden Years
The time has finally arrived for the beginnings of the baby boomers to reach retirement age. The first cluster of baby boomers is reaching 65 and the traditional age of retirement. Through the financial success of their generation, many have been able to take an even earlier retirement.
Baby Boomers Statistics
The more than 77 million baby boomers currently account for more than half of all consumer spending in the United States. Just as their numbers made increased demands on the educational system as they entered school, this generation may bankrupt the health care system as they age.
The Era Of The Baby Boomers Spread From The 50s To The 80s
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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