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In 2011, the children of baby boomers made up 27% of the total population; this category was called Generation Y, or the "baby boom echo". The fertility rate of the generations after the baby boomers dropped as a result of demographic changes such as increasing divorce and separation rates, female labour force participation, and rapid ...
The U.S. Census Bureau defines baby boomers as those born between mid-1946 and mid-1964, [2] although the U.S. birth rate began to increase in 1941, and decline after 1957. Deborah Carr considers baby boomers to be those born between 1944 and 1959, [23] while Strauss and Howe place the beginning of the baby boom in 1943. [24]
The term baby boom refers to a noticeable increase in the birth rate. The post-World War II population increase was described as a "boom" by various newspaper reporters, including Sylvia F. Porter in a column in the May 4, 1951, edition of the New York Post, based on the increase of 2,357,000 in the population of the U.S. from 1940 to 1950.
Some baby boomers living near poverty don't apply for assistance or tell loved ones they need help. Social activities cost money and low-income boomers are caught in the loneliness crisis.
Baby boomers are increasingly becoming homeless The Cost-of-Living Adjustment (COLA) for social security will increase by 3.2% in 2024, matching the rate of inflation as of October.
As the baby boomer generation enters retirement, a growing number of them face unexpected financial challenges that threaten their retirement security. Even those who have worked hard and saved ...
According to the report 20% of the silent generation, which it described as individuals born from 1926 to 1945, had lived in poverty at the age of 70 in comparison to 45% of the Greatest Generation and 15% of Baby Boomers at similar ages. The report attributed the change to more private pensions, increased home ownership and government policy. [86]
Baby boomers -- born between 1946 and 1964 -- represent 21% of the U.S. population, according to Axios. And that cohort is the richest among all generations, with wealth totaling $78.5 trillion in ...