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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]
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 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 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.
During the baby boom years, between 1946 and 1964, the birth rate doubled for third children and tripled for fourth children. [29] The total fertility rate of the United States jumped from 2.49 in 1945 to 2.94 in 1946, a rise of 0.45 children therefore beginning the baby boom.
A Redfin analysis from earlier this year found empty-nest boomers own 28% of the country’s largest homes, those with three bedrooms or more; and millennials with kids own only 14%. As mentioned ...
The youngest working generations worry boomers will impact their financial future. ... millennials and Gen Zers are concerned about baby boomers’ influence on their financial future, according ...
The oldest Baby Boomers, a large demographic cohort, had started to reach retirement age in the 2010s. [ 39 ] By the early 2020s, about one in six Americans are 65 or older. [ 54 ] In 2020, the median age of the United States is 38.8, up from 37.2 in 2010, [ 42 ] 35 in 2000, and 30 in 1980. [ 55 ]