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The term "baby boom" is often used to refer specifically to the post–World War II (1946–1964) baby boom in the United States and Europe. In the US the number of annual births exceeded 2 per 100 women (or approximately 1% of the total population size). [22] An estimated 78.3 million Americans were born during this period. [23]
The "relative income" theory explains the baby boom by suggesting that the late 1940s and the 1950s brought low desires to have material objects, because of the Great Depression and World War II, as well as plentiful job opportunities (being a post-war period). These two factors gave rise to a high relative income, which encouraged high fertility.
The term baby boom refers to a noticeable increase in the birth rate. The post-World War II population increase was described as a "boom" by various newspaper reporters, including Sylvia F. Porter in a column in the May 4, 1951, edition of the New York Post, based on the increase of 2,357,000 in the population of the U.S. from 1940 to 1950.
Prosperity and overall optimism made Americans feel that it was a good time to bring children into the world, and so a huge baby boom resulted during the decade following 1945 (the baby boom climaxed during the mid-1950s, after which time birthrates gradually declined until going below replacement level in 1965).
From the end of World War II to the 1970s, many of today’s baby boomers benefitted from stable jobs and a strong economy. So, “a lot of people in that generation feel a bit of an obligation to ...
There was a slump in birth rates in the UK between the two major baby booms following each world war. This roughly correlated with the economic downturn in the 1930s and World War II. [25] The era of the Great Depression was a time of deprivation for many children, unemployment was high and slum housing was common.
Over 16 million Americans served in World War II, the majority being members of this generation. 38.8% were volunteers, 61.2% were draftees, the average length of their service was 33 months, and total approximate casualties were 671,278 (killed and wounded). [17]
It’s not a battle of the sexes in the housing world: It’s a battle of the generations. Millennials surpassed baby boomers as the largest generation of homebuyers, totaling 38%, whereas baby ...