Baby Boomers Essay -- essays papers

Baby baby boomers During the Great Depression and World War II many Ameri hobos delayed marrying and having children because of the poor economy. The number of marri durations and births soared after the war. Many ripened couples who had delayed having children began having them when the war ended. This increase in births among both younger and cured American couples created the Baby Boom extension. This large group of people born(p) in the U.S. from 1946 to 1964 amounted to 76 million children. Those born during this meter make up approximately 36% of todays population (Deutsch). What impact has this had on the economy? Read on to see how the baby shell coevals has affected the economy and what will happen as they retire.This generation has had a huge impact on the economy due to its sheer size. At first there was a crunch at hospital maternity wards. When the boomers reached school age, schools became overcrowded, forcing towns to build additions. By the time they we re entering senior steep the cities and towns were expanding. New office buildings, hotels, apartment complexes and stores were springing up everywhere. When they reached college age, American Higher educational activity had to expand. Large enrollments along with inflation pushed college costs higher. When they started families of their own and became homeowners it drove trustworthy estate prices up. As they passed through the breeding cycle, these shortages soon became surpluses. An example existence the collapse of the real estate market in the late1980s (Sullivan). We can expect a large demand for retirement housing, elder give care and finally the funeral industry as the Boomers continue their life cycle. Marketers founder 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 emerge at an all time high. Now it is people over the age of 40 who squander the resources to purchase big-ticket items. Today the engine that is driveway our economy and our stock market is due to the lopsided demographics present discipline now. The coming of age of discretionary spending is allowing people to buy that SUV, boat, computer, 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 number toward retiremen... ...grams for children, while a new state agency was created to represent the postulate and concerns of older citizens. (Sullivan).The baby boom generation has had a profound proceeds on the American economy at each stage of their life starting with the demand created for goods, then filling the labor market. Now well have to wait and see if their retirement will cause the doom predicted by some or create the marketplace godsend predicted by others.BibliographyBuchner, Gail. Demographics is non Destiny. Journal of Financial Planning. Instituteof Certified Financial Planners 1999.Deutsche, Alex. topical Study 51. 10 Oct. 2001 www.yardenicom/topical.aspGeneration Gap to Create Jobs Turnaround. Sydney Morning hail 4. 10 Oct. 2001http//www.ncpa.org/pd/economy/econ 10.htmlJackson, Gerard. Will the Baby Boomers Cure Unemployment?TNA parole withCommentary. 9 Apr 2001.Peterson, Peter G. Gray Down How the Coming of Age loop Will TransformAmerica and the World. 1999 189-90.Sullivan, Teresa A. Baby Boom Generation. Discovery Channel School. 2 Oct. 2001. http//www.discoveryschool.com/homework.help/worldbook/atozhistory/b/040930.html