Question

Members of the baby boom generation, people born between 1946 and 1964 constitute nearly one third of the U.S. population. Baby boomers received more education than their parents, and women from this generation were more likely to enter the labor force than women before them. The baby boomers have delayed marriage and parenthood and have fewer children compared to their parents. They are more likely to divorce, to bear children while unmarried, and to cohabit. As they grow older, What impacts will baby boomers have on American population in the years ahead.

Answer 1

Answer: Experts estimate that baby boomers will make up almost 1/5 of the US population by 2030 and they will be older than 65. This will impact the welfare system and there will be businesses and industries related to meeting baby boomers' needs.

Explanation:

The baby boomer effect is very perceptible in present day US. At the end of 1964, baby boomers, the generation born after WWII, represented 40% of the general population.

What does this mean for today and the years to come?

Right now, most baby boomers are still in the work force or on the verge of retiring. Industries revolve around anti-aging products, health care and medical technology. Baby boomers are expected to massively retire around 2020 and this will generate structural changes in terms of mindsets, practices and expertise in the work force, with its advantages and disadvantages. Advantages would comprise paving the way for the new generation, with its new ideas and practices, while one big disadvantage could be a massive loss of expertise and intelligence on the market.

Last but not least, some experts are arguing about the stress on the social welfare system that baby boomers' retirement will generate.