Baby Boomers Essay -- essays papers

Baby Boomers During the Great Depression and World War II many an(prenominal) Americans slow down marrying and having children because of the poor economic system. The number of marriages and births soared after the war. Many fourth-year couples who had delayed having children began having them when the war ended. This increase in births among both younger and older American couples created the Baby Boom Generation. This large group of people born in the U.S. from 1946 to 1964 amounted to 76 million children. Those born during this time make up round 36% of todays population (Deutsch). What impact has this had on the frugality? Read on to see how the baby boom extension has change the economy and what will happen as they retire.This extension has had a wide impact on the economy due to its sheer size. At premier(prenominal) there was a crunch at hospital maternity wards. When the boomers reached instill age, schools became overcrowded, forcing towns to build additi ons. By the time they were entering senior high the cities and towns were expanding. in the altogether office buildings, hotels, apartment complexes and stores were springing up everywhere. When they reached college age, American Higher Education had to expand. bear-sized enrollments along with inflation pushed college costs higher. When they started families of their own and became homeowners it drove real terra firma prices up. As they passed through the life cycle, these shortages soon became surpluses. An example being the tumble of the real estate market in the late1980s (Sullivan). We can attend a large demand for retirement housing, elder care and in the end the funeral industry as the Boomers continue their life cycle. Marketers have followed the boom generation for decades, producing items that appealed to them as children, teens and young adults. With more money in their pockets than time on their hands, todays baby boomers are dining out at an all time high. Now it is people over the age of 40 who have the resources to purchase big-ticket items. Today the engine that is driving our economy and our stock market is due to the lopsided demographics present right now. The approach path of age of discretionary spending is allowing people to buy that SUV, boat, com readyer, etc that would have been put off in the past (Income). The economy is sensitive to the Boomer generations desire for a luxury lifestyle. As they look toward retiremen... ...grams for children, plot of land a new state agency was created to represent the needs and concerns of older citizens. (Sullivan).The baby boom generation has had a profound effect on the American economy at each stage of their life head start with the demand created for goods, then filling the labor market. Now well have to seem and see if their retirement will cause the doom predicted by approximately or create the marketplace godsend predicted by others.BibliographyBuchner, Gail. Demographics is Not band. Journal of Financial Planning. Instituteof Certified Financial Planners 1999.Deutsche, Alex. Topical dissect 51. 10 Oct. 2001 www.yardenicom/topical.aspGeneration Gap to Create Jobs Turnaround. Sydney Morning Herald 4. 10 Oct. 2001http//www.ncpa.org/pd/economy/econ 10.htmlJackson, Gerard. lead the Baby Boomers Cure Unemployment?TNA News withCommentary. 9 Apr 2001.Peterson, Peter G. Gray Down How the Coming of Age Wave Will TransformAmerica and the World. 1999 189-90.Sullivan, Teresa A. Baby Boom Generation. breakthrough Channel School. 2 Oct. 2001. http//www.discoveryschool.com/homework.help/worldbook/atozhistory/b/040930.html