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The generation is often defined as people born from 1946 to 1964 during the mid-20th century baby boom. The dates, the demographic context, and the cultural identifiers may vary by country. [1][2][3][4] Most baby boomers are the children of either the Greatest Generation or the Silent Generation, and are often parents of Millennials.
Post-World War II baby boom : Although the answer of when it happened can vary, most people agree that the baby boom occurred around 1946 and 1964. [24] This generation of "baby boomers" was the result of a strong postwar economy, in which Americans felt confident they would be able to support a larger number of children.
The US Census Bureau defines baby boomers as those born between mid-1946 and mid-1964 (shown in red). [2] The middle of the 20th century was marked by a significant and persistent increase in fertility rates in many countries of the world, especially in the Western world. The term baby boom is often used to refer to this particular boom ...
"The baby boom generation has started to retire with a record $76 [trillion] in net worth," Yardeni writes. "They are spending on restaurants, cruises, traveling, and healthcare.
The Strauss–Howe generational theory, devised by William Strauss and Neil Howe, describes a theorized recurring generation cycle in American history and Western history. According to the theory, historical events are associated with recurring generational personas (archetypes). Each generational persona unleashes a new era (called a turning ...
The generations dominating the workforce in 2024 are baby boomers, Generation X, millennials and Generation Z. The coming decades will see further changes with emergence of newer generations, and slower removal of older generations from organisations as pension age is pushed out. Many reports, including a publication by Therese Kinal and Olga ...
8. Hard Work Is Key to a Fulfilling Life. Boomers and younger adults look at work in very different ways. Many older adults see a job as the most important, defining characteristic of their lives ...
1990s United States boom. The 1990s economic boom in the United States was a major economic expansion that lasted between 1993 and 2001, coinciding with the economic policies of the Clinton administration. It began following the early 1990s recession during the presidency of George H.W. Bush and ended following the infamous dot-com crash in 2000.