Finance Inquirer
No Result
View All Result
Monday, July 4, 2022
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
  • Submit a News Releases
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
  • Submit a News Releases
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Finance

Who are the baby boomers and why it is so important to consider them for your future?

Tom Hagler by Tom Hagler
21.06.2022
in Finance
Who are the baby boomers and why it is so important to consider them for your future?
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Baby boomers currently represent almost 22% of the U.S. population. But, this percentage does not show the true importance of this generation both today and in the immediate future of the country, and, also of your future finances.

Historically, it has been considered the largest generation in American history. Although, admittedly, it has been surpassed by the millennials, albeit in a very different context.

To understand the importance of the Baby boomers and how they will influence the immediate future of the economy, we have to start by understanding who they are and what they represent.

Who are the Baby boomers?

They are a generation that is referred to as such on a global basis and not just in the United States. Although, admittedly, it has had a greater influence in Western countries.

Historically, this generation can be considered to have started at the end of World War II and culminated in the late 1960s.

Therefore, Baby Boomers could be considered to be people between the ages of 50 and 70, with a certain margin upwards in both cases.

For all intents and purposes, it is considered one of the most influential generations in the country’s economy throughout its history. Not in vain, it was the key generation in the accelerated development of economic, technological, cultural and social models.

The name of this generation is given by the great increase in the birth rate that occurred after World War II.

Why will the Baby Boomers influence your personal economy?

The reason is very simple to understand: they are the first generation that will have access to a large retirement with a much higher purchasing power than previous generations.

This translates into several important issues:

It is an active generation that will maintain its influence in the general economy of the country, they will continue to be active subjects of consumption, but, also, having much higher expectations in terms of the need for income.

Theywill live longer: the increase in life expectancy compared to previous generations is very high. Although there is no unanimity, it can be quantified between 15 and 20 years longer. If we think that these 15 or 20 years will correspond to a period not of work, but of retirement, we understand that the influence and general economic impact of almost 22% of the population of the country will be very important.

They face in many cases an active retirement: this is another important aspect. The investment crises of the 1990s and 2000s took away a good part of the savings of this generation. This, coupled with increased activity and longer life expectancy, means that for many, retirement has to be delayed. Obviously, once again we find a strong influence of this group, in this case in the labor market, where they also bring long-standing professional experience.

In short, although the new generations are gradually taking control of the country’s economy, it is unfeasible to think of the coming decades without the direct influence of the baby boomers.

  • Trending
  • Comments
  • Latest
Boeing and Pfizer are among the companies and trade groups to have donated $8 million to Republicans who voted against certifying Biden’s election victory, a report says

Boeing and Pfizer are among the companies and trade groups to have donated $8 million to Republicans who voted against certifying Biden’s election victory, a report says

04.01.2022
Twitter Suspends mRNA Inventor Dr. Robert Malone

Twitter Suspends mRNA Inventor Dr. Robert Malone

29.12.2021
Anesthesiologist Salary in the USA.

Anesthesiologist Salary in the USA

24.01.2022
3 planes are flying potatoes into Japan to help tackle the country’s shortage of fries, which has caused McDonald’s to ration servings

3 planes are flying potatoes into Japan to help tackle the country’s shortage of fries, which has caused McDonald’s to ration servings

29.12.2021
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Florida offers new training for teachers that says it was a ‘misconception’ that ‘the Founders desired strict separation of church and state’: report

Florida offers new training for teachers that says it was a ‘misconception’ that ‘the Founders desired strict separation of church and state’: report

03.07.2022
A Florida state board removed a pediatrician who advocated that children under 5 get the COVID-19 vaccine

A Florida state board removed a pediatrician who advocated that children under 5 get the COVID-19 vaccine

03.07.2022
24 great gift ideas for your best friend, whether they’re a foodie, movie buff, or always outdoors

24 great gift ideas for your best friend, whether they’re a foodie, movie buff, or always outdoors

03.07.2022
27 best movies starring the cast of ‘Stranger Things,’ according to critics

27 best movies starring the cast of ‘Stranger Things,’ according to critics

03.07.2022

Recent News

Florida offers new training for teachers that says it was a ‘misconception’ that ‘the Founders desired strict separation of church and state’: report

Florida offers new training for teachers that says it was a ‘misconception’ that ‘the Founders desired strict separation of church and state’: report

03.07.2022
A Florida state board removed a pediatrician who advocated that children under 5 get the COVID-19 vaccine

A Florida state board removed a pediatrician who advocated that children under 5 get the COVID-19 vaccine

03.07.2022

Categories

  • Business
  • Finance
  • News
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
  • Submit a News Releases
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
  • Submit a News Releases

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In