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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 baby boom was stronger among American Catholics than among Protestants. [22] The exact beginning and end of the baby boom is debated. 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.
In 1970, the average family health insurance premium was around $435 per year ($3,200 in today’s money). Now, the average family premium is over $24,000 per year.
The median age of first-time homebuyers has reached a record high of 38 years old, the NAR says. Back in the '80s, people were buying their first homes in their late 20s.
Assuming you’re following the 4% rule for withdrawals, that would amount to $15,361 per year — an increase of $2,004 each year. Add more to your retirement savings
Generation Alpha (or Gen Alpha for short) is the generation succeeding Generation Z. Researchers and popular media typically use the early 2010s as the starting birth year and the mid-2020s as the ending birth year. Generation Alpha is the first to be born entirely in the 21st century. [58]
Biden was the first and only member of the aptly named silent generation, born between 1928 and 1945, to earn the title of president – and he did so two years before his 80 th birthday ...