After the second World War there was an unusual increase in birth rates, especially in Australia, New Zealand, Canada, and the United States. The Baby Boomer generation lasted from 1946 to 1964. In this period of time 76 million American children were born. By now, the Baby Boomer generation is old and ready to retire. The age wave theory suggests that the economy wil
l slow down immensely and the stock market will peak when they start retiring in 2007-2009. This prediction is based on the fact that consumer spending spikes at around age 50. When this happens, my generation and the other middle aged men and women at the time, the X and Y generations, will have to cover the retirement funds for an excessive amount of retired people. No matter where we go, we will have to deal with this issue. Is our generation doomed to be poor at the cost of supporting our elders?
John Gallagher says in The Seattle Times that, "And thanks to near-workaholic habits, they are among the most aggressive, creative and demanding workers on the market." Are we expected to fill this impending gap with our generation? There are so many problems with the issue as a whole I couldn't dlea with them all in this article. I'm not even going to begin to deal with any. Shall we move to Canada? I think not. The same problem arises. As well as in most of the world now. The Baby Boomer generation did the world much good, and bad of course, but the departure of them will do nobody good. Life for the elders of the Baby Boomer generation must've been great, but supporting the Baby Boomers when there arn't enough of us in the first place? Life just isn't fair sometimes. I hope not. If you're interested in the demise of our generation, feel free to check out these websites and articles.l slow down immensely and the stock market will peak when they start retiring in 2007-2009. This prediction is based on the fact that consumer spending spikes at around age 50. When this happens, my generation and the other middle aged men and women at the time, the X and Y generations, will have to cover the retirement funds for an excessive amount of retired people. No matter where we go, we will have to deal with this issue. Is our generation doomed to be poor at the cost of supporting our elders?Retirement of baby boomers may reverberate in workplace
No Country for young Men
Wikipedia
1 comment:
Wikipedia article that this reminded me of: Aging of Japan. Japan's population is projected to go down dramatically when the baby boomers die while there is no immigration.
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