Impact of Baby Boomers of Yesteryear

Baby Boomers are those babies that were born from 1946 to 1964. The parents of these baby boomers endured the great depression and fought in the Second World War. The baby boomers had considerable influence on national and state populations especially in social services, education, the consumer and labor market. Now that it is their time for retirement Boomers are facing many problems. Postponing retirement is only a temporary measure, as eventually, they will have to retire and be replaced by younger people.  Most early baby boomers are now in their late 60’s and 70’s and while individual situations can be quite dissimilar according to their financials positions.  

After World War II, the economies of most of the world prospered which resulted in the baby boomers growing up with more affluence than any preceding generations. This affluence changed not only their lives but the culture of the United States and the Western World, and thereby of most of the world.  To really understand how this generation affected historical development, mannerism, and genetic properties to create new and diversified experiences, we need to understand how the Boomers will affect the way that we now regard aging and the manner that they have transformed the very concept of aging.

What must be looked into is the growth of many sub-cultures and how these sub-cultures changed the very manner in which they related to society as a whole. These people wanted to live their lives according to their views about such social issues as race, sex, nd politics. Their very different and radical views spawned civil movements for women, race, gays and lesbians. Since most of the children of this generation spent their childhood teenage years and youth together, these kids did not adhere to the norms and values of their parents and wanted to do things differently than their parents.

There are an estimated 78.2 million baby boomers in America. Four million of these boomers turn sixty every year. Within 20 years about one in every five Americans will be older than 65, and most of them will live for another 18 or more years. Because of the recession, a lot of these boomers have around $10.000 in retirement savings. Around one-third of these boomers have assets of $100,000 or more. Added to that is the fact that only one third of them think that they have enough money to retire comfortably. Most of these boomers will need to keep working to supplement their savings and pensions. Most of them will take up new carriers or do different jobs than they were doing before retirement.