The term 'baby boomer' is the name given to the generation of people who were born right after the 2nd world war. That time of history saw over 70 million (70,000,000) Americans born to American citizens in the US. It really was a baby boom and the name stuck to anyone born during the baby boom years.
All those Americans born during the baby boom and are still living will now be in the age group of 42 to 60. This generation still plays a significant role in every political election in the country. And here in lies their power and importance, baby boomers plays a very important part in post-WW2 American history and have uplifted their generation to greater levels.
Economic statistics are proof that all baby boomers in their 50's earn approximately 2 trillion U.S. Dollars. That accounts for over 77% of all the financial assets in America. As if that was not enough of an achievement baby boomers have more than 50% discretionary authority in private organizations as well as in government.
What is of importance is that the baby boomer generation is now facing the issue of retirement since they are reaching superannuation. Financial constraints of retired life are the least of their worries, baby boomers are facing the emotional problem of dealing with the 'empty nest syndrome' - the feeling that takes over when their children grow up and go out to make a life of their own - on their own.
The empty nest syndrome sets in the same scenario when the baby boomer was newly married and setting out in life himself or herself. The difference is that this time round they have expended all energies and their youth is gone too. The baby boomer may deal with their emotions fairly well because they know they are looked up to and have to live up to their brand name - "The Independent Generation".
A poll that was conducted especially for baby boomers uncovered some very important points that are listed here:
1. The name of the baby boomer generation was drawn from the baby boom that followed the 2nd world war. All those born during the baby boom are called baby boomers.
2. Baby boomers currently account for 28 percent of the American population.
3. By 1957 it is believed that Americans gave birth to 4,300,000 (4.3 million) babies. It was in this year that the most babies were ever born in the United States.
4. Baby boomers look at superannuation with a positive vision rather than a depressed view. Many of the baby boomers plan to set up some profession or business even after retiring. Self employment is the choice for a majority of baby boomers. Over 75% of the baby boomers want to also spend quality time with their families and mostly their grand children.
5. 50% of all the baby boomers are more than sure they will have adequate finances to enjoy a leisurely retired life, vacationing abroad is included.
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