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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.
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 ...
Generation Jones is noted for coming of age after a huge swath of their older siblings in the earlier portion of the Baby Boomer population; thus, many note that there was a paucity of resources and privileges available to them that were seemingly abundant to older Boomers.
Baby boomers now hold an unprecedented share of the nation's wealth, with those born during this specific period now officially holding approximately 51.8% of U.S. wealth as of the early 2020s ...
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 ...
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.
Boomer: A postwar era-born person from the "Baby Boom", or a "baby boomer"; this term can also be used in a neutral context. Boomer Remover: A slang term used to describe the COVID-19 pandemic; the term drew criticism for trivializing and mocking the high death rates of aging people due to the pandemic. [9]
Times have changed enough that the financial advice that worked for baby boomers can be impossible to follow — and bad — for millennials and Gen Z. 18 Things Boomers Need to Stop Saying to ...