Outline
I. The Babyboomers in Sheer Numbers
a. Generation Explosion
i. The signicance of 1946 ii. Amazing Multiples
b. The Pharmaceutical Industry and the Boomers
i. Viagra ii. Celebrex
II. The Younger Baby Boomer
A. Beating the Boomer Rush
i. Boomer Demands and Soaring Prices ii. 77 Million to Retirement iii. Sport Utilities, Rock and Roll, Mutual Funds, and Everything Else iv. The In's and Out's with Baby-Boomer Buying
B. Boomer Economics
v. Retail Stores and Party Stores are Having a Blast vi. Online Boomer Shopper vii. Cruiseline Boomers
III. Baby Boomer's Retirement
A. 77 million will retire by 2010
i. Strain on nation's retirement system ii. Planning for retirement iii. After work iv. Long term care
IV. Long Term Care
A.
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When boomer demand slams into the market place, prices soar (until the fad passes). Nothing stops the baby-boomer. There is somewhat of a bright side to all the spending and boomer traffic. Being just a few steps ahead of the boomer can make an individual very well off if you know which way they are headed. Boomers have always acted this way. Still the largest generation in the United States has been shifting markets ever since the diaper and baby food industries in the late 1940's (Geoffery 59-64). Construction of elementary facilities exploded for municipal budgetsLos Angeles was spending $1 million a week on new schools in the mid-1960's (Geoffery 59-64). After that happened, the boomer moved on abandoning a huge amount of those facilities. When younger boomers wanted cars, the Mustang and Camaro were considered a phenomenon and as the boomer herd passed so did the sales. Suburban homes in beautiful areas were next since boomers were doing the family thing. Prices on suburban homes exploded in the 80's and as usual; when the boomer left, so did the sales. Baby-boomers have dominated American culture for nearly five decades. Likened by demographers to a pig moving through a python, boomers account for one
Before we can get into the juicy information pertaining to the fascinating period of Baby Boomers, we must first take a quick glance at what was happening before this occurred.The main event that came to a conclusion that had a significance to the world and is a recent and relevant topic to the Baby Boomer period was the end of World War II.World War II had been going on since 1939 when the Nazi army and the Soviet Union united invaded Poland, resulting in the British and French declaring war on Germany.The allies allow Hitler to commit illegal actions without deciding to go after him(they just sat and watch him invade and grow as the years went by).It seems over for the Allies until the Japanese decided to obliterate Pearl Harbor December
What changes the individual “boomer,” as well as society at-large, will face? Technology, religious view points, basic political views and philosophies, loss of prejudices,
As students, freshmen come into high school knowing that they are hated by every upperclassmen in the school, with the exception of some friends and possibly family. The freshmen don’t understand why they are disliked, and most of the upperclassmen can’t tell you why they despise the freshmen, except for some unproved responses such as: “They’re annoying”, or “They’re so immature”. This sequence occurs every year. As the freshmen turn into upperclassmen, they too develop a hate for the incoming freshmen. This relationship is common on a larger scale as well; older generations view the younger generations as annoying, dumb, and immature. Dealing with three generations today, we have the omniscient Baby Boomers (1946-1964), impious
The end of world-war II marked the beginning of a new era in this country. The baby boom era began in 1946 and ended in 1964. During this era, 76 million babies were born according to pew research center. The number of people reaching adulthood in the next decade was tremendous. As a result, the country had to adjust to meet the demands and fulfill its obligations to the citizens. Though, the boomers were sophisticated and wanted to impose their views on the rest of the society. Eventually, the country started to experience some changes and the boomers’ influence was propagating in the society. Cheryl Russell, the Editor-in-Chief of America Demographics Magazine and the author of “100 Predications for the Baby Boom: The next 50 years.” In his
The Baby Boom generation has played a major key in the American economy over the past 50 years. More importantly over the past 30 years as these individuals have come to age and began leading society they have been the main driving force for the economy, “In their heyday, the boomers were an unprecedented economic force, pushing up rates of homeownership, consumer spending and, most important of all, employment. (Casselman 2014)”. This generation makes up a key number of population in today’s society. This paper will look at the positive and negative effects that the group has had in the American economy and how economists plan future projections from the impact of the group. Retiring age for this group has hit or is fast approaching is the economy set for a steep decline because of this or can it maintain status quo?
In 2009 one in three adults were unmarried. This impact their view on marriage a lot. They grew up in a time when conservatives were becoming more tolerant. Boomers and their family are becoming less likely to be a part of religious institutions. Boomers are responsible for being the most lenient for gay and POC equality and women’s rights. Without Boomers many laws that protest POC, gays, and women would not exist. Boomers daily life include exercising at the gym and adult adventure programs. They are also the main market for plays and concerts. Their influence has shaped mainstream music to where it is today.
Today, there are many Baby Boomers that live in the world. Most of these people have impacted a lot of people currently. This is because of many things they have introduced to us and or gave us. There are many people that can be shown to be very important to our culture and or history, but first of all, what is a baby boomer?
What if i were to ask you a question? What makes you capable to think about your answer? What do you think makes you capable of reading this paper? Do you remember learning skills you still use today like learning to talk or walk even think? What if i were to ask you to recall your favorite memory of your happiest or saddest day would you remember it clearly? Clearly your brain is at work in all these examples but how does your brain understand this jumble of words in this paper? I 'll explain how that works and how the brain of a certain generation can affect everything even the economy
Millenials is the name given to the generation who reached adulthood around the turn of the 21st century, they were born during 1975 and 1995 which was the Cold War era. The millennial is given the nickname as the television or digital age. The popularity of television boomed in their time was a result of the Space Race and America's curiosity of what would have been called the impossible. In the 1940's there was only a few tv's but in the-the 1970's the amount of tv's surged to four million plus. The Millenials grew up in a society when the social norm was for an individual to watch tv five hours a day. The United States victory was largely contributed to great communication technology. An example was in the Civil War when President Lincoln would command the military thousands of miles away. What strengthened the Millenial ideology is communication and getting full
A reason for why there is a higher proportion of elders in rural communities could come from the fact that people of younger generations tend to move from rural to more metropolitan areas once they get older in order to get better education and jobs. Due to the fact that more and more of the Baby Boomer generation are reaching the age of 65 years, if there are elders staying in rural communities rather than leaving like young adults, then there is bound to be an increase in the percentage of elders living in rural communities. Another factor that could account to the higher proportion could be retirement destinations. According to the Cornell Chronicle, by Cornell University, “More than 10 percent of Americans over age 60 relocated, mostly
The generation of hard working Americans that innovated our way of life and catapulted us into the twenty first century is aging. This fact alone will lead to skyrocketing medical costs and a compromised lifestyle for those in the Baby Boomer generation. As a result, a large number of diseases will increase, including Alzheimer's. According to The Alzheimer’s Association, “These numbers will escalate rapidly in coming years, as the baby boom generation has begun to reach age 65 and beyond, the age range of greatest risk of Alzheimer's.” A shocking “estimated 10 million baby boomers will develop Alzheimer’s” and “by 2050, an American will develop Alzheimer’s every 33 seconds”
After World War 2 as soldiers returned home they were looking to settle down, start families and make up for lost years caused by the war. This became known as the baby boom which first began in Canada in 1947 and lasted until 1966, it started later and lasted a couple years longer compared to the United States. This baby boom not only effected Canada then but continues to effect the country today and into the future. The baby boom effected Canada in many different ways, starting with how Canada’s demographics drastically changed in the early years of the boom. Another change was the economy which blossomed and, whose target audience were mainly the Boomers. The baby boomers are still affecting Canada today as they
While the “Greatest Generation” is a title often given to those Americans who lived and died during the era of the Great Depression and World War II, their offspring, the “Baby Boom” generation, significantly shaped and improved the American landscape as well if for no greater reason than the sheer number of people who make up this population (Steinhorn, 2006). Today, based predominantly on that very same reason, the baby boomer population is now making a very different, yet equally as profound impact on American society. More
In today’s society, the work industry is comprised of numerous generations from baby boomers to millennia’s. Due to reasons ranging from increased cost of living to political policies, Americans are being forced to work longer in order to obtain the social security benefits they’ve contributed to during their careers. Each generation has certain generational influences such as war times and civil rights for the baby boomers and social media and the technology boom for the millennia’s. One constant that has not changed, however, is that the average American has to work for a living, and with the evolution of the US economy, they are having to work longer and are retiring later.
Baby Boomers have been one of the most powerful forces in shaping the economic environment and are the wealthiest generation in the United States (Kotler and Armstrong, 2015). “In their early years, “Leading Edge” Boomers enjoyed economic prosperity, and their resulting financial power in their prime years drove rising trends in everything. However, the recessionary years of the early 1970’s also added cautionary realities to their youthful consumption and employment dreams” (“America’s Oldest Boomers”, n.d.). Baby boomers control approximately 70% of the disposable income in the United States, therefore, they are known as being one of the most influential financial forces in the marketplace (“Baby Boomers Report”, 2015). As they reach their