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David Foot, author of Boom, Bust and Echo: Profiting from the Demographic Shift in the 21st Century (1997), defined a Canadian boomer as someone born from 1947 to 1966, the years in which more than 400,000 babies were born. He acknowledges, though, that this is a demographic definition, and that culturally, it may not be as clear-cut. [40]
Generation X (often shortened to Gen X) is the demographic cohort following the Baby Boomers and preceding Millennials.Researchers and popular media often use the mid-1960s as its starting birth years and the late 1970s as its ending birth years, with the generation generally defined as people born from 1965 to 1980.
In Western culture the Boomerang Generation refers to the generation of young adults graduating from high school and college in the 21st century. [1] [2] [3] They are so named for the percentage of whom choose to share a home with their parents after previously living on their own—thus boomeranging back to their parents' residence.
Baby boomers, the generation born during the baby boom of 1946 and 1964, makes up 21.8% of the U.S. population. ... Because the generation covers people born over the span of 20 years, there’s a ...
A U.S. boomer born in 1960, for example, with an annual savings rate of 10% over 40 years will have generated lifetime savings of more than 850% of their disposable income.
[26] [27] They are considered to be the first "digital natives", and thus have a large influence on social media, and the video game industry. Now that many millennials are becoming older, their political power will likely surpass baby boomers within a few years, if it did not happen already. [28]
Among younger boomers, 20% have $10,000 or more and among older boomers, 18% have $10,000 or more. This could be indicative of a large wealth gap among this generation.
The word generate comes from the Latin generāre, meaning "to beget". [4] The word generation as a group or cohort in social science signifies the entire body of individuals born and living at about the same time, most of whom are approximately the same age and have similar ideas, problems, and attitudes (e.g., Beat Generation and Lost Generation).