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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.
The term "baby boom" is often used to refer specifically to the post–World War II (1946–1964) baby boom in the United States and Europe. In the US the number of annual births exceeded 2 per 100 women (or approximately 1% of the total population size). [22] An estimated 78.3 million Americans were born during this period. [23]
From a demographic point of view, the labor shortage in the United States during the 2020s is inevitable due to the sheer size of the aging Baby Boomers. [98] [99] As the oldest economically active cohort, [99] the Baby Boomers comprised about a quarter of the U.S. workforce in 2018. [100]
As baby boomers have aged, a significant portion have reached the traditional retirement age. While some choose to retire early, the most common age to retire is still 65. However, due to factors ...
The roughly 71.6 million men and women of the postwar baby-boom generation started hitting retirement age about a decade ago. But it’ll be another dozen years before the whole generation has ...
The baby boomer generation is at the forefront of redefining retirement. America is debating whether to raise the retirement age—but boomers are already working well into their sixties and seventies
The red segment is known as the Baby Boomer period. The drop in 1970 is due to excluding births to non-residents. ... Decreased height and width, fixed one text ...
The oldest you can claim Social Security with no further financial benefit to waiting is age 70. RMDs kick in when you reach age 72 (or 73 if you reach age 72 after Dec. 31, 2022). Once those come ...