Baby Boomers Thesis

"And in the end it 's not the years in your life that count. It 's the life in your years."(Abraham Lincoln) The words of Abraham Lincoln describe the accomplishments by the Baby Boomers perfectly and implies that it’s the accomplishments in life that matter the most. The Baby Boom drastically changed Canadian society forever. The Baby Boom was an epoch after World War 2 where there was a massive increase in birth rate. Canada had social reforms, new music genres, and a changed economy. As the multitude of the Boomers are retiring, their contributions have not been forgotten.

My current employer has multigenerational workforce from baby boomer to Gen Y. According to Shroer (n.d.) the baby boomer were born from 1945 to 1964, which would make the generation with 71 million people who were 20 years apart in age. The baby boomer life experience were completely different bonded by the Kennedy and Martin Luther King assassinations, the Civil Rights movements and the Vietnam War. Generation X were born from 1966 to 1976 sometimes referred to as lost generation with stereotype of first generation with “latchkey” kids, exposed to lots of daycare and divorce. Gen X is often characterized as high level of skepticism and some of the worst music to gain popularity. Also, Gen X has the best educated generation with 29% obtaining

The American Dream is the idea that individuals that desire to accomplish the freedom, equality and a land of opportunity, be available to every American. Making change progress is what it is all about. This change alludes to the financial position and economic, social position in general public. The quantity of diligent work which can likewise consider the correct measure of a reward. The reward could be from high economy to more noteworthy money related opportunity. The American dream is all about where an individual fits into the public and are in the economic well being where one desires to be. Culture pluralism is the way to have an accomplishment in the general public.

Baby boomers have ruined America and should take responsibility for the weakened state of millenials. Baby boomers grew up in an era of prosperity. They were raised by parents who survived poverty, war and showed a true sacrifice of a generation burdened with great moral struggles. Baby boomers received inexpensive and available education, preparing them for a thriving open job market. This led to Americans greatest invention, the middle class. But this great invention is being shook off like a bad case of fleas due a new generation called the millenials. Many millenials are being left in what they call a quarter life crisis, a period in which someone in their early twenties feels doubtful about their own lives, brought out by stress of becoming

The explosion of the Second World War gave way to the most defined era of the 20th century. In the wake of a war torn decade, the growing prospect of opportunity spurred the inception of the “Baby Boom”. Millions of individuals were introduced into our world at a rate never seen before in our nation’s history, and as does every generation, these millions of Baby Boomers are aging at an unprecedented rate also. The average lifespan of individuals has steadily increased since the postwar decades with the much advancement in healthcare. The majority of today 's population is expected to live into their eighties. This trend brings the fact that revelations are often processed too late for change to take a substantial impact. This time for realization

Children of post war America are the most effective demographic gathering ever. Organizations flourishes or comes up short in light of their capacity to keep pace with the preferences and aversions of this financial powerhouse known as the people born after WW2. At 76 million in number, boomers have the impact to control the commercial center and ensure they keep a spot set only for them as the biggest era. Because of its substantial size, the Baby Boom era has significantly affected society, business, and the economy. The effect of the era has been felt in every aspect of buyer spending, from expanded offers of child items when they were youthful; to rising interest for houses as they set up their own particular family units; to development in retirement funds vehicles as they get ready for their senior years.

The baby boom era has been an important and significant time that marked the Canadian history. Baby boomers born during post-World War 2 between the years 1946 and 1964 are people that are named such due to the exceeding number of births. There have not only been population changes but the economic conditions and long-term effects have taken place because of this. Throughout years of seeing the effect of baby boomers, we can see it has significantly impacted the Canadian society. It has impacted and is continuing to affect the Canadian society by affecting the economy, the means of long-term effect and the drastic changes in the population count.

Baby Boomers are post-war babies who grew up to become the hippies and a radical of the 1960s and 1970s and then became the yuppies of the 1980s. Historical influences of the generation include the emergence of the civil rights movement, the Vietnam War, The Cold War, space travel and the sexual

Social security is at its biggest downfall that it has ever been in because of the boomers. Since baby boomers are so large in population, they have a major impact on social security when they retire. Now and through the upcoming years, most baby boomers will be retiring and this will drain social security completely and cause future retirees from other generations to consider other ways to finance their retirement. The boomers also believe that they can expect higher incomes and lower poverty rates than other citizens surrounding them because of supplemental security. This is a major problem that we need to take into consideration, but by the year 2031 the youngest of that generation

Exactly nine months after World war 2 ended “the cry of the baby was heard across the land” as historian Landon Jones described. More babies were born after the war than ever before just in 1946 alone 3.4 million babies were born, and begun the so called “baby boom.” Couples after the war had children to make up for the lost time, and the economic prosperity of America at the time. At the same time the suburban boom occurred with families moving out of the cities into surrounding areas. Year after year more and more babies were born with the numbers rising every year until over 4 million babies a year were born; until 1964 when the birth rate started to decline, and ending the baby boom generation. By the end of 1964 baby boomers made over 40% of America’s population.

The shift in demographics is largely due to the progressive decline in procreation while life expectancy has increased. Advancements in health care have increased the life expectancy, of the aging baby boomer generation. The

When the economy started to recover, they had to go abroad to fight for their country because of the war. After the war, they got back to daily life, and contributed to make the country’s most powerful peacetime economy. They also recorded highest marriage rate and birth rate, and became parents of the Baby Boomers. This generation has accomplished a lot throughout their lifetime, but never showed it off. No generation before and after them could do the same, that’s why Brokaw named them the “Greatest Generation.”

There has been an extensive change in the U.S. demographics within last 50 years. According to Center for Health Workforce Studies (2006), in 2020, there will be about 54 million Americans above the age of 65 years as compared to 35 million in 2000. This number is expected to rise further at the rate of 12.5% to 20%, which means by 2050 every 1 in 5 American will be above 65 years (p. 2). This exhibits how baby boomer generation will have a significant impact on the current long-term care system.

In his book “The pinch: how the baby boomers took their children’s future - and why they should give it back”, David Willetts made references to various sources whilst highlighting the supposed disparities in economic wellbeing between the baby boom and younger generations. In this essay, I will be assessing whether Willetts has effectively made use of the source “Boreham and Lloyd (2007), ‘Asset Accumulation’, National Centre for Social Research/ International Longevity Centre – UK, table 5.1, p32” in developing his argument that the baby boom cohort were better off financially by having higher mean total net household assets, and whether this source supports his case or not.

But wait were not the baby boomers the generation of “the pre-AIDS years of free love, the free education, the happy dilettantish flirtations with radicalism,…..the big cars, the enduring sense of smugness”(Hawking). Furthermore, now they have the nerve to accuse their kids for their repercussions. The millenials are the general population who having to experience the “hangover from the baby boomers party”(Hawking). Millenials are drowning in college debt and having to pay off liabilities that the baby boomers generation created. They have to attempt to be financially independent with all the student debt they have to overcome. Not being financially stable how can you blame them for moving back in with their parents. Our national debt is around 17 trillion. It will grow significantly over the few decades unless something is done to reduce it. But the boomers love their credit cards and mortgages. As long as someone is willing to loan them the money they do not seem to care as to how it will be paid off. “We can thank baby boomer leadership for a nation that has no sound policy on foreign affairs, the environment, energy, social welfare, human rights, terrorism, technology development, education, debt, etc”(Balkin). When their 23 year old child comes back to stay with dear mom and dad take a look in the mirror and fault the person looking