We will do a research for you and |
Answers will be posted there.
Please check back in often
We will answer your questions ASAP-
Although, We get 500+ of emails each week.
I am looking to contact men and women over
60 years of age.
They must be open and honest, net connected
(any connection type) and have 15 minutes to
spare every 2 weeks. Most importantly they
must have a sense of humour.
If they have this I guarantee a lot of fun and
taking part in an experience that will be an
ongoing enjoyable interactive part of their lives.
It will hopefully transform the way we see the
I was hoping you could include me in your newsletter,
or help me by suggesting how I could contact a large
number of elderly people (preferably by email) in
Please pass it on, (I need a lot of people!)
I am looking for Marketing Statistics and general
demographical information regarding Baby Boomers
for a TV program proposal for the US Cable TV market.
Can you help point me in the right direction?
Please see Below:
What are the statistics for how often a baby is born
in the United States.
You did not answer one person's question and I am most
curious to know as well:
"Approximately how many living U.S. citizens are baby
boomers? What percentage of the total U.S. population does
the figure represent?"
We already provided the answers to these questions in our
Archives of Q&As, but here is some answers again:
There are approximately 76 millions of baby boomers
that are living U.S. citizens which represents approximately
30% of total US Populations (Based on 250 millions #)
There are several web sites that you can search for demographics
info. including our own
Bureau Of Statistics
(Us Gov't) with sample data below:
Boomers Boom in these cities (% of total populations)
Santa Fe 35.1%
Kokomo, Ind. 31.0%
York, Pa. 30.9%
San Francisco 30.8%
Portland, Maine 30.8%
Sources: Census Bureau, State and Methopolitan Area Data Book
1997-1998 and USA Today.
The official years of the Baby Boom Generation (1946 through 1964)
saw a marked increase in the number of births in North America.
Here’s how the birthrate rose and fell during the baby boom years:
1940 - 2,559,000 births per year
1946 - 3,311,000 births per year
1955 - 4,097,000 births per year
1957 - 4,300,000 births per year
1964 - 4,027,000 births per year
1974 - 3,160,000 births per year
Symbols of the Baby Boom in Suburbia
Hot Dog Production (millions of lbs)
Potato Chip Production (millions of lbs)
Sales of lawn and porch furniture (millions of dollars)
Sales of power mowers (millions of dollars)
Sales of floor polishers (millions of dollars)
Sales of Encyclopaedia (millions of dollars)
Number of Children age 5-14
Number of baseball Little Leagues
New Boomers Articles
These sites provides indepth marketing info.
U.S. EVERY DAY LIFE IN 1900::
- 1 in 7 homes had a bathtub
- 1 in 13 homes had a telephone
- Brownie camera: $1
- lb.of sugar: 4 cents
- dozen eggs: 14 cents
- lb. of butter: 24 cents
U.S. EVERY DAY LIFE IN 1998::
- 81% of the population has a VCR in the home
- there are 2.3 TVs per household
- 20% of the U.S. is connected to the Internet
- lb. of sugar: $0.43
- dozen eggs: $1.12
- lb. of butter $2.35
SWEEPING CHANGES IN WORLD BALANCE OF POWER
Western colonialism dominated Africa and the Asian islands.
The Russian, Ottoman, German, Austro-Hungarian and
Chinese empires had passed their peaks
Africa's nations are all independent. The Soviet
empire is broken into 15 separate states, and
democratic capitalism is on the rise
Check Out USA Today's :
It is commonly argued that there will be a surge in saving by
baby boomers over the next 10 years or so, driving the US stock
market higher. Where is the best place on the web to find a coherent
summary of these arguments?
How have the baby boomers effected the economy since they have
To answer your first question, according to the report
by National Conference of State Legislatures ©1999.
America in 2025 will be older and more diverse than it is today.
The U.S. Census Bureau projects that by 2020, those 65 years
and older will comprise more than 16 percent of the population
compared with about 13 percent now. By 2030, one out of
every five Americans will be 65 or older.
Based on the report, from now until 2025,
even at the very least, if only 50% of baby
boomers continue or start to save and put
2% percent of their income into IRA, SERP
or KEOGH accounts, that saving amount
still account for a hugh amount by 8% of
saving by total US population.
Here's the study by Internatinal Monetary Fund:
What Will Happen To Financial Markets When The Baby Boomers Retire?
Read the report in PDF using Acrobat
Question number 2: There are over 73 millions baby
boomers that are born from 1946 to 1965.
The implications of an ageing population for the UK economy:
Read The PDF Report using ACROBAT
I am trying to determine what the various generational categories
are called and what years are they considered to fall between?
For example what do we call the generation prior to the boomers?
I know boomers are 1946-64. What about Tweeners? Gen X, Gen Y,
and so on. Also looking for sites giving specific characteristics
or culture that shaped these groups.
Most especially interested in humor of each group.
thanks so much
A study and a report of the NCSL LSCC Task Force
on Legislatures of the Future by National Conference
of State Legislatures explains in great details
about: Dealing with Demographics:
Read The Report In Text
Read The PDF Report using ACROBAT
Here is the excerpt:
1. During the first quarter of the new century,
society at large-as well as state legislatureswill
likely be comprised of members from four different
generations with four distinct
generational perspectives: the Silent Generation,
Baby Boomers, Generation Xers and Generation Yers.
2. Silent Generation (1925 to 1945)
• 63 million people.
• Tend to be loyal to institutions and employers.
• Principal architects of the modern legislature and
leaders of the legislative reform
• Will comprise the “oldest of the old” in society.
• Uncomfortable with computer technology.
3. Baby Boomers (1946 to 1964)
• 76 million people ( largest generation).
• Often question authority and value independent thinking.
• Influenced by great political causes civil rights,
anti-Vietnam War and women’s movements.
• More comfortable with computer technology.
4. Generation X (1965 to 1978)
• 46 million (smallest generation).
• Tend to feel loyalty to themselves and their team
and not to the organization they work for.
• Tend to be politically inactive.
• Could fill the ranks of state legislatures in the
• Very comfortable with computer technology.
5. Generation Y (1979 to 1994)
• 72 million (second largest generation).
• Most racially diverse generation.
• Tend to be civic minded and more interested in
political activities than Generation Xers.
• Women working in traditionally male-dominated
professions are the norm.
• Most technologically competent, having never known
a time without computers.
There are two great sites with serious academia
findings and research studies about Generations.
One such great site that we discovered is the
University of Southern California's
Longitudinal Study of Generations
The other great site is a study of
The Fourth Turning, Generations
studies by Howes and Strause
Tweeners or Cuspers:
The Center of the Generational Oreo
Born 1955-64, they are the cream in the middle
of the generational Oreo. For years, the voice
of these confident 40-somethings has been obscured
by the media hype showered upon the surrounding
boomers and Gen Xers. But the cuspers are now ready
to speak. They want everyone to know that they are
neither a part of the "me-first" boomers nor the
Gen X "drifters." Instead, they are a distinct
generational cohort that shares some of the
characteristics of both these groups, but fits
comfortably into neither. For marketers and
advertisers who previously lumped this consumer
group into the others, the time to change course
oFrom among the following list, poll respondents
were asked to select the three brands they most
closely associate with their generation. From the
looks of it, cuspers envision themselves in a comfy
pair of LEVI'S, lounging (or working) in front of
their Macs, while sipping on a Coke. Brands are
listed in order from most to least popular.
LEVI'S 70 percent
Coke 41 percent
Macintosh 33 percent
Ben & Jerry's 20 percent
IBM 19 percent
Honda 17 percent
I would like to find out what it is like to work with a person
from the Generation X age. I would like it from the perspective
of a boomer. Can you tell me about conflicts that might or did
arise as a result of working with a Gen X'er. Any other
information would be helpful too. Do the boomers have difficulty
when the Gen X'er is the boss and not the other way around. This
is for a school assignment so i would appreciate an honest answer.
Here is some info to share:
GEN-XERS AT WORK
Bruce Tulgan's Rainmaker Thinking research indicates
that to lead the free agents who make up the younger
-adult workforce in the United States, many Generation
X managers -- those born between 1978 and 1984 -- are
"discarding authority for the sake of authority; cutting
through all the red tape; and side-stepping rules that
get in the way of productivity."
Here is a list of practices identified in Rainmaker's literature.
• Encourage employees to "own" their work area; arrange
desks and chairs however they like; listen to CDs or the
radio; and surround themselves with pictures, clippings
and other visual images they enjoy.
• Urge Employees to manage their time so well (never
missing deadlines) that nobody would dream of trying to
manage it for them.
• Offer flexible work arrangements (compressed
schedules, flex-time, telecommuting, part-time, job
sharing or sabbaticals).
• Support employees instinct to "just do it" when
they're in need of a morning stroll, a midday workout,
an afternoon nap, a day off or a vacation.
• If you expect employees ever to take work home,
realize that they may sometimes bring home into work
(support child-care, elder care and other family needs).
• Create teams focused on well-defined goals with
concrete deadlines, in which every member's role is clear.
• Delegate 100-percent responsibility to every employee
for something, anything. And let employees use that
responsibility as proving ground to earn more responsibility.
• Give employees some room for creative expression
in their work.
• Hire a genuinely diverse pool of employees and reflect
diversity in the leadership of your organization.
• Place a high value on critical thinking, new
perspectives and different ways of doing things.
All this leads to innovation.
• Tie rewards, promotions, compensation, and
increases in responsibility and authority directly
• Seek input from employees on decisions -- minor or
major -- that have a direct impact on their experience
in your organization. And make it clear that unsolicited
input is welcome too.
• Encourage employees to identify assignments they'd
like and sell themselves to project leaders to
get those assignments.
• Give employees feedback whenever they request
it and provide a venue for employees to evaluate
• Create an obsession with training and learning in
your organization -- make learning and training part
of everybody's job and make time available for these
activities. Fill the workplace with learning resources
in every medium possible (print, video, audio,
CD-interactive, intranet, etc.) and give employees
unfettered access to those resources; and support
outside learning opportunities such as degree and
• Create a free market for mentoring: Teach everybody
how to be a mentor and how to get a mentor and then
let them choose each other as they wish.
Here's an old article from CNN:
How to Manage Generation Xers
Our own Generation Xers page.
This excerpts are taken from Douglas Coupland's
oYuppie Wannabe's: (page 91)
An X generation subgroup that believes
the myth of a yuppie life-style being both
satisfying and viable. Tend to be high in debt,
involved in some form of substance abuse, and
show a willingness to talk about Armageddon
after three drinks.
oBoomer Envy: (page 21)
Envy of material wealth and long-range material
security accrued by older members of the baby boom
generation by virtue of fortunate births.
oSquires: (page 135)
The most common X generation subgroup and the only
subgroup given to breeding. Squires exist almost
exclusively in couples and are recognizable by their
frantic attempts to recreate a semblance of
Eisenhower-era plenitude and their daily lives in
the face of exorbitant housing prices and two-job
life-styles. Squires tend to be continually exhausted
from voraciously acquisitive pursuit of furniture and
oDorian Graying: (page 164)
The unwillingness to gracefully allow one's body
to show the signs of aging.
oDown-Nesting: (page 144)
The tendency of parent to move to smaller, guest-room-free
houses after their children have moved away so as to
avoid children aged 20 to 30 who have boomeranged
What percentage of baby boomers are college educated and what
percentage of boomers have degrees in computer technology? What
percentage of boomers are working in technology fields? Also,
what percentage of boomers fall below the assumed medium boomer
income of $47,000 anually; what about the percentage of boomers
that qualify for below the US national poverty line? Please give
me the percentages in terms of the boomer population.
if you know any sites were I could find some Gen x stat's or
marketing to gen x that would be very kind of you.
Answer to your question #1:
ANSWER to your question #2:
We have archived a research from an advertising
agency since their web page is not online any
Marketing to Generation Xers
Also check links on:
Our own Gen Xers' page
Less than 9th grade || 3,310,668 |
9th to 12th grade, no diploma || 8,330,706|
High school graduate|| 22,574,815|
Some college, no degree|| 17,132,710|
Associates degree|| 6,443,130|
Graduate or professional degree || 6,163,024|
Percent high school graduate or higher || 84.9|
Percent bachelor's degree or higher || 24.9|
Source: US Census Bureau
Released: Feb. 1996|
I just stumbled upon your site and was wondering if you could tell me,
exactly what are yuppies? and yippies? not to mention generation x'rs
in advance, thank you for your input, and spectacular website!
According to The American Heritage® Dictionary
of the English Language, Fourth Edition,
this is the definition of YUPPIE.
A young city or suburban resident with a well-paid professional
job and an affluent lifestyle.
[y(oung) + u(rban) + p(rofessional) influenced by yippie.]
yup pie·dom n.
What is a YIPPIE? You can read the article here:
According to this web site web site
Abbie Hoffman started the Yippie organization in the
Are you a YUPPIE or a YIPPIE?
How many boomers are expected to retire [or otherwise leave the
workforce] in the next 10 years? 20 Years? Thanks!!
What years did the baby boomers begin and end?
We think it was 1946-1965. Is this correct?
Depends on the sources and methodologies.
Although, many experts agree that the official
years of the Baby Boom Generation are 1946
A few years back, we received a comment
from one of our readers:
My post at Boomers International was
intended to point out the demographic
errors that sociologists, historians
and demographers have made concerning
the Baby Boom. From a demographic
perspective, the Baby Boom spans from 1946
through 1958. This is based on birth
rates for the given time period with
1946 established as a baseline value.
In 1959 birth rates dipped below the
1946 level, statistically ending
the Baby Boom.
Birth rates continued to plummet,
with the exception of a few small
spikes, through 1971. Based on
this demographic trend, Generation X spans
from 1959 through 1971. The demographers,
for whatever reason, concentrated on birth
totals instead of birth rates.
But, even under this flawed examination,
their logic does not follow.
For if they focused only on birth totals,
with a baseline established in 1946,
birth totals did not fall below the 1946
level until 1972. So why did they arbitrarily
pick 1965 as the end of the Baby Boom?
This I cannot answer.
I do not consider myself a writer, although I've
explored the possibility on this particular subject.
There seems to be a strong interest with those of
us born at the end of the commonly believed Baby Boom
(1946 - 1964), that we are not true Baby Boomers.
Not culturally, and, based on my research, not
demographically. I do not mind contributing to your
web site, particularly if it will help resolve the
demographic errors of the Baby Boom.
I've attached an Excel spreadsheet that presents a
graph of the actual Baby Boomer years
(1946 through 1958), and the beginning of Generation X
I find this visual aid very helpful in explaining the
Baby Boom and Generation X.
Boomers Stats (Excel Spreadsheet)
I would like to find some websites that would provide me with
info on the differences in prices from the 1940's to present...
such as what a hamburger cost in 1940's verses now...or what a
coke or pair of jeans cost back then. Prices of the common things
that everyone used then and now. If you can help that would be
Try this Library of Congress site :
It is about life histories and they were written by the
staff of the Folklore Project
of the Federal Writers' Project
for the U.S. Works Progress (later Work Projects) Administration
(WPA) from 1936-1940
How many Baby Boomers will have turned 50 years old in the year
(This would be those born between 1946 and 1950)
Of the 32 million AARP members (as of April 2000), how many are
What percentage of Baby Boomers buy resort real estate? Do you
have any concrete information (i.e., in 1999 1 million baby boomers
purchased 2nd homes in resort communities...etc.)?
What are the statistics on Baby Boomers who actively buy on-line?
(i.e., how many baby boomers use on-line services?)
What are the top 10% on-line service Web sites that Baby Boomers
What do Baby Boomers like and dislike about CONTENT on Web sites?
What percentage of Baby Boomers buy resort real estate?
Do you have any concrete information (i.e., in 1999 1 million baby
boomers purchased 2nd homes in resort communities...etc.)?
There was a question listed that began..."I am a 30 year old
student. For a Communications project:"...
Your number 1 answer was "Retirement home.", Could you clarify
this? What do YOU mean by "Retirement home"? Is this a
2nd home? And is it in a resort community?
Our number 1 answer should have been more specific.
At the time that we answered that question in 1999, the
economy was booming and the dot.com riches were
driving the housing boom. Many baby boomers were
in the market (shopping or planning for) retirement
homes (which would have been their 2nd homes).
We have however, came across another findings
which comfirms with what we stated originally.
Fortunately for the first wave boomers who've chosen
to retire earlier during 1999-2000. They had
great opportunities to capture the housing
market boom and cashed out on their original
homes during that time. If they had bought a
retirement homes in the right locations,
they would have retained their values due
to the demand and low interest rates.
In the mean time, it is unfortunately for the
second wave baby boomers, their housing
prices boom have retracted from the high of
However, due to low interest rates and high
economic growth in certain areas (Southern
California, New York), the housing boom and medium
housing prices still continue in the upward
Here's an article about 2nd or 3rd home
investment for baby boomers.
Boomers buying second and third homes
NEW YORK ---- After losing $700,000 on Wall Street,
Steven Style has stopped buying stocks. But he's
still investing ---- in real estate.
"It's solid," the 42-year-old New Yorker said.
A growing number of baby boomers ---- those Americans
born between 1946 and 1964 ---- are buying second and
third homes. In their peak earning years, boomers are
looking to diversify their investment portfolios.
Some want a place where they can take a break
from their busy lives, while others are looking at
property as an investment.
The stock market's decline has increased real estate's
appeal for boomers. Because they had more money
than many other people to invest on Wall Street,
boomers' portfolios have been particularly hard hit.
"We are not giving up on the stock market, but we are not
putting new money into it. We want to have real, hard assets,
" said Rob Gelphman, a marketing consultant in San Jose.
Gelphman, 44, and his wife Maria, 43, are looking to buy a
second home in California, or possibly on New York's Long
"The stock market stinks. We have lost a lot of value in
our 401(k)s and IRAs. California real estate doubles every
10 years," he reasoned.
That's not to say the real estate sector doesn't have its own
ups and downs. Property prices in many parts of the country
might be at or near their peak, financial planners say.
That means buyers must assess what they want out of a
prospective property ---- whether it is something they plan to
keep for leisure or if they plan to sell it more quickly for a
In the last year, Style purchased his third property, an
oceanfront vacation condo in Miami's South Beach neighborhood.
He also owns two apartments on Manhattan's Upper West Side,
one in which he lives and the other which he rents out to pay
The market for second and third homes is strong. The National
Association of Realtors predicts that more than 1 million second
homes and vacation condos will be built in the next 10 years to
keep pace with boomer demand. The association doesn't
specifically track third-home purchases but says they also
are on the rise.
The profile of second-home buyers mirrors boomer demographics.
The median age of second home-buyers is 46 and the median
income is $77,700, according to the Realtors.
Prices on second homes also reflect the trend. The median price
tag on second homes last year was $127,800, having risen 27
percent in two years. Meanwhile, last year's median price on first
homes was $147,800, up about 11 percent in two years.
(FROM North County Times)
Hello, I need to find some information on the relationships
between the babyboomers and their parents. Also, how the
relationship developed as the babyboomers got older. This is
of interest to me, and I am also helping a friend with a
report on this subject.
Subject could also be: How babyboomer adults confront their
Parents about the way they were raised and the issues of same.
Thank you in advance for this information.
why did medieval churches have steeples?
I would like to know what website do have to search in order to
get a view of earth, the ultimate high school nightclub that's
located in Wallingford, CT. I would like to see how it looks inside
and any upcoming events?
Try these sites:
Earth Viewer 3D
Earth Viewer Software
Earth Viewer Software
If you saw a list of the following cities (over 100,000 population)
and were told they were listed in this specific order based on an
average of something, what do you think this would be?
I have written a book entitled "A Wake-UP Call To All Baby Boomers"
--- that deals with seven dimensions of healthy and productive
aging. Those areas are physical, mental, social, financial,
emotional, spiritual, and sexual.
Looking for an interested publisher...any advice?
what were people in the 1940's social life like?
You can search some history sites:
This site in UK offers footages from the 1940's:
Footages from the 40's - UK
This is James Madison's University photos archive of Students
Social Lifes in the 40s:
Students Social Lifes in the 40s
This Fashion site is comprehensive and provides insights into
other aspects of life besides fashion, for many eras
This site provides information about movies from 1940's:
Or try this site:
It is about life histories and they were written by the staff
of the Folklore Project of the Federal Writers' Project
for the U.S. Works Progress (later Work Projects)
Administration (WPA) from 1936-1940
What years were the baby-boomer generation born in?
From 1945 to 1964.
What are the years- 1rst to last- that are considered the years
baby boomers were born in?? I was born in 1957 and say I am a
Yes, you are a baby boomer.
Check out this birth rate in:
I would like to know how baby boomers spend their leisure time?
What kinds of tourism and travel do they like? Do many partake
in these activities and if so where can I find statistics on
these topics? Are they adventurous or do they prefer "relaxing"
tourism or coach tours?
I believed we already answered this question in
our older archived Q&A page.
Please check at the bottom of this page.
what is the population of canada's children and the % of people
that can read or write literate
Canadian Census Bureau - They have all the answers.
Check This one as well
I was wondering what are some major health problems that baby
boomers go through. What are the top accidents that baby boomers
have. Thanks for your help
I am very interested to study the role drug use played within the
hippie movement America 1960's / early '70's. What single piece
of literature would you most recommend I read to do this?
Thanking you in advance
I work for the Cleveland Zoological Society in Cleveland, OH.
We are exploring programs and events that will attract baby boomers
and/or empty nesters and get them to become interested once again
in the Zoo. I would like to know what kind of thigs would bring
the baby boomers back down to the Zoo. I would love any
suggestions and remember you can be as creative as possible.
Thank you for
How about adopt a pet program?
How about free or discount guest pass?
Social gathering at the zoo?
Single gathering at the zoo before
night out in town?
Hi, I read the book " Hippies From A to Z for school" My question
is: Are Skip Stone and Paul Williams the same person. And if not
then where could I find some background information on Skip Stone?
You have to ask Skip Stone personally.
His web site is
How can I get our class of 1967 reunion on your web site:
Attached is our GREAT web site
You are right! A great site. Congratulations!!
Thanks and we have added your site to our Reunion page
I would like to know if there is a certain month and day in the year
1964 that separates baby boomers from the X-generation. Or is
everybody born before December 31st, 1964 considered a baby boomer,
and everybody born on January 1st, 1965 and after considered a member
of the X-generation?
It really depends. There's no authority on this
subject. There are even overlap during these
two generations and they considered themselves
the Tweeners and or the "Cuspers"
I am a university student looking for Canadian demographic information
of the baby-boomer generation. My project is a magazine targeting
this audience. I was wondering if any could help me find information
on current Canadian demographics and psychographics on the baby
Sorry for the delay in our reply.
Here are several web sites:
Atlantic Canadian Demographics
Are baby boomers essentially adolescent adults??? this is for an essay
for my college english class. I was wondering if I could get some
feed back from the era instead of from an article.
What defines the baby boomers?
When you look back through the history of time all
through the 60s and the 70s, during our innocent and or
rebellious youthful years, you will find that many social changes
were the results of changes demanded by boomers.
Boomers have been attempting to change the world and many
did it successfully, and some of them partially. All through
the 60s and up to our current time much older and wiser.
Many boomers are socially and spiritually conscious about
families, neighborhoods, communities and the world. Boome
Contrary to the popular belief, boomers value meaningful
relationships with every aspects of life and are constantly
working through many barriers to change the world that we live in.
Many boomers are embarking on a new way of living, a sustainable
lifestyles and communities. Boomers feel that they have
a moral responsibility to leave this world a better place than
when they found it.
Boomers' life goal is to foster a
sustainable, spiritual and a peaceful world.
i am searching for a song name.it was a old song and wonderfull.
we listened this song in Conspiracy Theory.while julia roberts crossing
in her house mel gibson was wathing her in his taxi and she was
listening this song he find song from the radio.this song has this
sentences."i love you baby...i need you baby".i hope you can help me.
Frankie Valli and Lauryn Hill sang that song.
The original version by Frankie Valli is
"Can't Take My Eyes Off You,"
Please provide the number or percentage of Fortune 500
executives that have tatoos or earings.
Exempt female executives from the earings
You are kidding me right?
I was born in Oct. 1964...am I a baby boomer? What years did the baby
boomers start and end?
You are the Tail End Baby Boomer or depending on your
philosophy of life, if you can not identify with
baby boomers, you might consider yourself a
Tweener or a Cusper!!
I am doing a research paper on baby boomers and the economy....
actually it is based on an article called "Demographics and
Destiny". I am in need of a literary proof that supports
the idea that boomers have driven the economy and although
the economy will shift, it will not collapse once these
boomers become consumers instead of investors. The article
supports the idea that Gen X and Y as well as foreign
investors will keep the economy going strong.
Any suggestions on books, novels,
or any other literature? Thank you....
Since September 11, 2001 many of the old assumptions
and predictions have changed. Never before there
was any such event that changed the world as we
There are many articles based on studies and research
that I referred to above.
Many are prepared by reputable organizations such as
the International Monetary Fund and National
Conference of State Legislatures and AARP.
We have answered a similar question in our
Many boomers would like to retire and or work part
time or own business. Many expressed desire
to go back to school to change their career to something
else more in tune of what they really want to do.
If you look at these statistics and the one down below
within the next 5 to 10 years... these populatons
will either retire or only work.. part time...
By 2020, the number of people 55 and older will
have soared by 73%, while the prime working-age
group will have grown just 5%. With this situation,
unless the existing working population and the new
college grads can make up for Boomers..there will
be some labor shortages in some fields...
Other ramifications of boomers toward national health
care, finance and taxation and education.
* Generation trailing boomers is smaller and less
educated; its contribution to income tax revenue
will be less.
* Majority of echo boomers (baby boomers' children)
will enter college just as tax revenue declines.
Compensation and Benefits
* Health care costs rise as workers age
* Base salary and number of vacation days rise with
* Most pensions are based on number of years worked
and employee's final salary
* Company's matches in a defined contribution plan
rise with age, as older workers tend to contribute
a greater percentage of their
* Will output suffer as workers age?
* Will there be enough qualified younger workers
to replace boomers?
* Will the shrinking percentage of younger
workers generate enough revenue to fund benefits
now accruing to older workers?
* Sources: Los Angesles Times Articles
By PATRICE APODACA,
Monday, June 8, 1998 COLUMN ONE
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