The Baby Boomers- Their Number Is Quite Alarming
The largest age group in American history, the baby boomers, consists of a wide range of ages and the challenges that go with their different life stages. Most sociologists categorize those born in the years from 1946 to 1964 as part of the baby boomer age group in the United States, although some end the period a little bit earlier in 1960. As the U.S. Census uses 1964 as the endpoint for these post World War II births, it is the most accepted parameter.
In any case, baby boomers presently range in age from their mid forties to their mid sixties. Essentially, the first of the Golden Boomers will attain at the age of 65 starting on January 1, 2011. This will mean that they will be eligible for Medicare and Social security benefits for the first time and it will fall upon the taxes on younger workers to pay for their benefits.
These different age ranges indicate that some baby boomers are at an age to still be raising families with the prospect of paying for college in the future. Older baby boomers are already experiencing the pressure of the increasing costs of higher education, while the oldest group has grown children that they no longer need to support financially. Nevertheless, with existing unemployment rates very high, some of the oldest boomers are having to help their grown children and may also find themselves with small kids in their households yet again.
The youngest of the baby boomers may in addition to supporting their kids need to provide some or all support for their older parents. This double burden is a grave financial load and also a trying psychological burden. This problem can be intensified by the wants of those retiring whose pensions or other retirement funds were depleted by drops in the stock market. The retiring boomers may have to re-evaluate their plans because of these reversals in savings and income.
As many similarities as baby boomers appear to have, they truly are not an even group either politically or culturally. A good example is just how diverse two American presidents are who both are already baby boomers. George W. Bush was born near the start of the baby boom and Barack Obama was born near the end of the boom. Yet both are representatives of a group so huge that it has a tremendous impact on the society.
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The Issues That Baby Boomers Are Confronting
The members of the country's largest generation are now at middle age or beyond. As baby boomers age, they will be faced with adapting to the needs and demands of their age groups. Aging means responding to both financial and physical changes that need to be addressed.
Baby Boomers Encompasses A Span Of Over 20 Years
The age of the baby boomers encompasses a span of over 20 years. This generation includes individuals in their mid to late 40's to those in their 60s. And while many are still in the workforce, those in their 60's are contemplating the lifestyle changes associated with retirement.
There They Go - The Baby Boomers Are Retiring With Numerous Financial, Health-Care And Many Other Problems
A significant event is occurring for one of the most significant generations in American history. We are in the process of witnessing baby boomers retiring. As the oldest group of baby boomers reach 65, and as some have taken early retirement, a shift is happening that will effect many parts of society.
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