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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.
A period of more than two million annual births from 1971 to 1974, with the number of births in 1973 peaking at 2.09 million, [14] is referred to as the second baby boom. However, unlike the first boom, this increase in the number of births is an increase in the number of births not accompanied by an increase in the total fertility rate.
The U.S. Census Bureau defines baby boomers as those born between mid-1946 and mid-1964, [2] although the U.S. birth rate began to increase in 1941, and decline after 1957. Deborah Carr considers baby boomers to be those born between 1944 and 1959, [23] while Strauss and Howe place the beginning of the baby boom in 1943. [24]
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.
The oldest baby boomers reached 30 in 1976, while the youngest reached that mark in 1994. They hit 40 between 1986 and 2004. Elder millennials hit 30 in 2011, and the last batch will get there in ...
Once a reliable group for Republicans, senior voters have been trending toward the left as the baby boomer generation, which came of age during the 1960s and ’70s, now comprise a majority of the ...
Also, by 1955, a majority of U.S. households had at least one television set, [10] and so unlike Leading-Edge Boomers born from 1946 to 1953, many members of Generation Jones (trailing-edge boomers) have never lived in a world without television—similar to how many members of Generation Z (1997—2012) [11] [12] have never lived in a world ...
By the time that boomer turns 65, they would have about $226,000 in their retirement account. However, the boomer who started at age 21 instead would have nearly $1 million instead. Low Interest Rates