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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 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 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 ...
Over the years, baby boomers have accumulated a lot of wealth. Indeed, they’ve accumulated half (52%) of all the net wealth in the U.S. worth a total of $76 trillion, according to Federal ...
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.
In 2020, a study suggested that Gen X faced more years of ill health than Baby Boomers, with people in their 40s and 50s found to be in worse physical shape than people in their 60s and early 70s ...
Raleigh-Cary, NC. Percent of local baby boomers who purchased a home in 2023: 2.76%. Total number of baby boomer mortgages originated in 2023: 8,215. Median interest rate on baby boomer mortgages ...
SSA data shows one out of every four 65-year-olds today will live past the age of 90, while one out of 10 will live past 95. Indeed, 60% of baby boomers are more worried about outliving their savings than dying. [153] Rising life expectancy may result in reductions in social security benefits, devaluing private and public pension programs.