Baby Boom Generation Experiences
The perfect example of this was the 2008 collapse of the toxic housing debt market. In government, baby boomers ballooned the defense budget beyond the point of reason. They then raided government programs to pay for their mistakes. Regarding the environment, baby boomers left the United States reliant on coal (cough, cough) while eroding the advanced nuclear energy infrastructure built by their parents. We can thank baby boomer leadership for a nation that has no sound policy on foreign affairs, the environment, energy, social welfare, human rights, terrorism, technology development, education, debt, etc. The point being, baby boomer leadership has provided America with a government that is the most partisan and self-serving the union has ever seen, and remains entirely reactive to the world around it.
Baby Boom - The Canadian Encyclopedia
This led to America’s greatest asset: the middle class. So what did they do with all their good fortune? From the time the baby boomers took over, the United States has experienced an economic environment plagued with unfounded asset and real-estate bubbles and collapses. The bubbles were caused by blind greed on the part of investors, and a blind eye on the part of regulators. The baby boomers forced the financial and banking system out of relative security to high-risk systems.
It is this latter achievement that makes them the objects of resentment for younger Japanese, since it is assumed they wrecked the economy for everyone unlucky enough to be born after them. And now, as they enter the last phase of their lives, the boomers are placing an even greater burden on their children, who will have to pay through the nose to babysit them.
the informative, entertaining virtual hangout for baby boomers.
The baby-bust additions to the labour force beginning with the late 1980s were small and resulted in a pronounced change in the proportions of the population producing the national income, versus those consuming it. The number of pensioners or retirees could rise from 1 per 5 members of the labour force, to 1 per 2. Some analysts have suggested a potential "war of generations" as a consequence, including conflicts over how to pay for public services, and how to afford the rising social welfare costs of an increasingly older society. (See and .)
News for the Boomer Generation ..
In 2011, the children of baby boomers (the cohort then aged 19 to 39) comprised 27% of the total population; this group was referred to as Generation Y or the “echo of the baby boom.” The drop in the fertility rate of the generations that followed the baby boomers was influenced by societal changes including increases in separation and divorce rates, female labour force participation and rapid technological change. The children of the echo generation, named Generation Z or the Internet generation, are individuals born since 1993, or after the invention of the Internet, and refers to more than 7.3 million people born between 1993 and 2011.
Baby Boomer, Generation X, and Generation Y …
The "baby-bust" generation, or Generation X (1966 to 1974) corresponds to the drop in the birthrate after the baby boom – the result of baby boomers having fewer children than their parents. Generation X, a term popularized by author , started entering the labour force in the late 1980s. Generation X-ers were greeted by high and unfavourable giving them no incentive to produce the next baby boom. Conceivably, the baby bust would have been even more severe except for the effect of the baby boom echo (babies born due to the large number of mothers, not because the average mother had many children.
What Baby Boomers’ Retirement Means For the U.S. …
As more members of the baby-boom generation enter their 60s, the labour force comprising older workers will increase. By 2036, the senior population in Canada (65 years and over) is expected to more than double and is estimated to then represent 23% to 25% of the total population compared to 14% in 2009.