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Plans For The Alarming Number Of Baby Boomers
The largest generation in American history, the baby boomers, consists of a wide range of ages and the issues that go with their different life stages. Most sociologists categorize those born in the years between 1946 and 1964 as part of the baby boomer age group in the USA, although some end the time a 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 recognized parameter.
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In any case, baby boomers at present range in age from their mid forties to their mid sixties. Actually, the first of the Golden Boomers will attain at the age of 65 beginning on January 1, 2011. This will indicate that they qualify for Medicare and Social security benefits for the first time and it will fall upon the taxes on younger employees to pay for their benefits.
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These different age ranges signify that some baby boomers are of an age to still be raising families with the hope of paying for college later on. Older baby boomers are already facing the pressure of the increasing costs of higher education, whereas the oldest group has grown children that they no longer need to support financially. Nevertheless, with present unemployment rates very high, some of the oldest boomers are needing to support their grown children and may even find themselves with small kids in their households once more.
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The youngest of the baby boomers may in addition to supporting their kids have to provide some or all support for their older parents. This dual pressure is a serious financial load and also a trying psychological stress. This problem can be worsened by the wants of those retiring whose pensions or other retirement money were depleted by falls in the stock market. The retiring boomers may be forced to re-evaluate their plans because of these reversals in savings and earnings.
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As many similarities as baby boomers tend to have, they actually are not an even group either politically or culturally. A nice example is just how distinct two American presidents are who both happen to be 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. But both are representatives of a group so large that it has a tremendous impact on the country.
The Baby Boomers Are Getting Elderly The members of the country's largest generation are now at middle age or above. As baby boomers get older, they will be on the brink of adapting to the needs and demands of their age groups. Aging means responding to both financial and also physical changes that need to be addressed.
Classification Of The Baby Boomers The ages of baby boomers range from the mid forties to the mid sixties and their experiences as well as memories vary based on where they fall in the age range. Different ages remember different events. The older half of the baby boomers generation is now being named the "Golden Boomers."
Baby Boomers Statistics The more than 77 million baby boomers presently account for more than half of all consumer spending in the USA. Just as their figures made increased demands on the educational system as they joined school, this age group might bankrupt the health care system as they get older.
What Are The Baby Boomers Generations? The baby boomer generations can be split into the initial group of individuals born in the first half of their generation and the "Jones Generation" born in the second half. Recently, the "Golden Boomers" have been recognized as those in or approaching retirement.
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