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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.
Baby Boomers inherited the strongest economy in U.S. history, leading to strong entitlement and me-first attitudes. ... In the end, the average net worth of a head of a family under 25 years old ...
This generation faced turmoil with their older baby boomer children upon their maturing in the 1960s in the form of the Vietnam War, civil rights movement, Watergate scandal, and a generational culture clash. [22]
The Silent Generation, also known as the Traditionalist Generation, is the Western demographic cohort following the Greatest Generation and preceding the baby boomers.The generation is generally defined as people born from 1928 to 1945. [1]
Baby boomers now hold an unprecedented share of the nation's wealth, with those born during this specific period now officially holding approximately 51.8% of U.S. wealth as of the early 2020s ...
That, Duffy says, is a tale as old as time. ... In the end, when we look at the facts, we may find that Baby Boomers and Gen Z have even more in common than how misunderstood they often are.
The oldest Baby Boomers, a large demographic cohort, had started to reach retirement age in the 2010s. [40] By the early 2020s, about one in six Americans are 65 or older. [ 55 ] In 2020, the median age of the United States is 38.8, up from 37.2 in 2010, [ 43 ] 35 in 2000, and 30 in 1980. [ 56 ]
From there, the midpoint birth year of each generation was used for comparison: 1955 for baby boomers, 1972 for Generation X, 1988 for millennials and 2004 for Generation Z.