Baby boomers and the growth of the american economy

For a time, Generation X was also losing out, thanks to the financial crisis. But it gets worse. Boomers, who are exiting the workforce in droves, will already be comfortably seated when the music stops, or out of the picture.

Baby boomers and the growth of the american economy

Baby Boom Generation

Baby boomers are those people born worldwide between andthe time frame most commonly used to define them. The first baby boomers reached the standard retirement age of 65 in There are about 76 million boomers in the U.

In Canada, they are known as "Boomies;" six million reside there. In Britain, the boomer generation is known as "the bulge. World War II ended in Most members of the armed forces came home en masse, numbering in the millions.

VA loans for homes and farms were made available to GIs at low interest rates, and low or no down payment. In addition, the GI Bill made higher education a reachable goal with low-interest loans. Preceding the war was the era of the Great Depression and the Dust Bowl.

Children of that era were a generation hardened by poverty; millions were deprived of the security of a home and job. Then they fought the greatest war in human history, World War II. Reconnecting with families and loved ones, a large portion of returning GIs, backed by the GI Bill, married and started families, went back to school and bought their first homes.

Jobs, especially in the northeast and on the coasts, were plentiful. Inthe GI Bill helped more than a million veterans to enroll in college. The move to the suburbs. In fact, large-scale, planned communities and housing tracts were being built on the outskirts of all major American cities, especially in California.

It was common that the young wives of virtually entire suburban neighborhoods were pregnant at the same time. In short order, new schools had to be built. Farm and ranch land became seas of similar-looking homes without town centers, jobs, or city amenities.

Eventually, many isolated suburban tracts, numbering in thousands of homes, did become legal communities, albeit on a different model from traditional communities with a core downtown business center. Interspersed throughout those new communities were "strip malls," businesses lined up in a row along roadsides, usually in common and architecturally uninspired buildings fronted by a large parking lot with little or no greenery.

Malls began to offer basic commodities, then became prime community meeting places, especially for the younger crowd.

Suburbs were relatively safe, and suitable for children, perhaps, but a breeding ground for discontentment and mischief among teenagers.

Baby boomers and the growth of the american economy

The Fifties Years of innocence. The s were, in some ways, years of innocence. The Saturday movie matinee was only 35 cents on the West Coast. The drive-in theater became part of the young-family social scene, primarily owing to cheap tickets. The main movie genres were established: Musicals and science fiction movies were popular by the s.

Westerns were especially popular with families, and many were created specifically for adolescents. Popular kid shows most often followed a serial format, appearing in the afternoon on Saturdays. At times, matinees played in several installments per week.

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This could be considered a teen movie, but quite different from the Disney teen movies of the next decades. Early examples of the sci-fi genre featured male protagonists fighting for law and order in outer space. A generation reared with television. Pictures and sound were sent by wire from Washington, D.

Postwar television was still new in America, west of Chicago.A baby boom is a period marked by a significant increase of birth alphabetnyc.com demographic phenomenon is usually ascribed within certain geographical bounds. People born during this period are often called baby boomers; however, some experts distinguish between those born during such demographic baby booms and those who identify with the overlapping cultural generations.

Feb 21,  · Depending on whom you ask, there are between 8, and 10, Baby Boomers reaching age 65 every day in America. It’s around that 65th birthday (and for . Jun 07,  · Baby Boomers love disparaging younger generations but the fact remains, they are the worst generation by a huge margin.

Steven Brill, author of "Tailspin," excerpts his book on how his generation of Baby Boomers broke America and how we can get back on track. With talk of the fiscal cliff taking up most of the headlines it is probably useful to look at income figures for Americans.

The media rarely discusses income because it is a touchy subject. Introduction. By —little more than a decade from now—the global economy will likely be in the midst of a major transformation. Companies and investors grapple with changing conditions constantly, but our research points to an unusual level of volatility in the decades ahead.

Baby boom - Wikipedia