Thursday, September 20th, 2018

What is a Baby Boomer? How Big Is The Baby Boomer Generation? Top 15 Characteristics of The Baby Boomer Population

3

man kissing woman c photo edges 246x162 216x162 What is a Baby Boomer? How Big Is The Baby Boomer Generation? Top 15 Characteristics of The Baby Boomer Population


Simply, the baby boomer demographics are: 77 million people were born, with what is considered the baby boomer years of between 1946 and 1964, which is defined and recognized as the baby boomer generation.

Baby Boom Demographics and Baby Boomer Statistics:

The first of the Baby Boomer population turned 60 on January 1, 2006.

An American generation boom turns 50 every 8 seconds- that’s more than 10,000 people every day. (AARP).

By 2015, those aged 50 and older will represent 45% of the U.S. population (AARP).

By 2030, the 65-plus because of the baby boomer population will double to about 71.5 million, and by 2050 will grow to 86.7 million people (U.S. Census).

The 50+ have $2.4 trillion in annual income, which accounts for 42% of all after-tax income (U.S. Consumer Expenditure Survey).

Adults 50 and older own 65% of the aggregate net worth of all U.S. households (U.S. Consumer Expenditure Survey).

Households headed by someone in the 55-64, the baby boomer generation, age group had a median net worth of $112,048 in 2000 – 15 times the $7,240 reported for the under 35 age group, commonly known as generation x and generation y. (U.S. Census and Federal Reserve).

50% of Baby boomers plan to buy a new home after retirement

As a group, the baby boomer characteristics demonstrated over the last 50 years that baby boomers are a politically powerful generation, since over half of American adults are over 50 years old. This is a historic landmark

By 2011, 100 million Americans including the baby boom generation will be 50 years old or older.

In 2010, over 3/4 of the financial assets in the U.S. are owned by a boomer population over 55 and baby boomer spending accounted almost half of the consumer spending in the U.S. When a specific segment of the population in any country is larger than all the other population segments put together, i.e. gen x, gen y, and seniors (generation boomer) that’s real power.

Given that baby boomer spending habits control 50% of all the discretionary spending in the United States and that they are expected to outspend younger generations, gen x and gen y, by $1 trillion on technology purchases in 2010, it’s a smart strategy to market directly to the boomer demographic.

As the baby boomer trends above prove, babyboomers own almost all of this country’s financial assets and baby boomer spending tops 2 trillion dollars a year.

Maybe that’s why babyboomers represent a third of iPhone users, half of Mac users and the leading group that pays $99/year for one-on-one training in Apple’s 284 store locations.

Medical research and new discoveries have extended the normal life span for boomers and for their children named generation x and generation y. Baby boomer trends demonstrate that as the baby boomer retiring age approaches, the baby boomer generation will not mirror their parents idea of a traditional retirement. The boomer has a desire to return to a simpler lifestyle, have a social conscious, and to give a voice to those people without a voice.

The baby boomer generation will continue to change the perception of what aging means. Dare you to call a boomer a “senior”. With the above financial power, boomers have the desire, along with the educational and population clout are making a real difference in education, politics, medical care and what it means to give back to those disadvantaged among us.

Be inspired, motivated and uplifted with our Free Daily Boomer Quotes and Videos. Just get started by clicking over to our Baby Boomer Talk Online Subscriber Page and have the Free Daily Boomer Quote and Video delivered direct to your inbox.


Comments

3 Responses to “What is a Baby Boomer? How Big Is The Baby Boomer Generation? Top 15 Characteristics of The Baby Boomer Population”
  1. FDV55 says:

    Interesting blog, Boomer54mark, but it’s missing an important part of the equation: Generation Jones (between the Boomers and Generation X). Google Generation Jones, and you’ll see it’s gotten lots of media attention, and many top commentators from many top publications and networks (Washington Post, Time magazine, NBC, Newsweek, ABC, etc.) now specifically use this term. In fact, the Associated Press’ annual Trend Report chose the Rise of Generation Jones as the #1 trend of 2009.

    It is important to distinguish between the post-WWII demographic boom in births vs. the cultural generations born during that era. Generations are a function of the common formative experiences of its members, not the fertility rates of its parents. And most analysts now see generations as getting shorter (usually 10-15 years now), partly because of the acceleration of culture. Many experts now believe it breaks down more or less this way:

    DEMOGRAPHIC boom in babies: 1946-1964
    Baby Boom GENERATION: 1942-1953
    Generation Jones: 1954-1965
    Generation X: 1966-1978

    Here are some good links about GenJones I found:

    http://www.usatoday.com/printedition/news/20090127/column27_st.art.htm

    http://www.youtube.com/watch?v=1Ta_Du5K0jk

    http://generationjones.com/2009latest.html

  2. Joanna Cake says:

    It would appear that Im a Generation Jones not a Baby Boomer… but I still intend to grow old as disgracefully and gorgeously as possible :)

Trackbacks

Check out what others are saying about this post...
  1. [...] What is a Baby Boomer? How Big Is The Baby Boomer Generation? Top 15 Characteristics of The Baby Boo… [...]



Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

CommentLuv badge

 Subscribe to My Newsletter & Receive 2 Free eBooks "101 Romantic Ideas for Boomers" & "Nutrition & Fitness Secrets for Boomers" 

SEO Powered by Platinum SEO from Techblissonline