What Are Baby Boomers

Baby boomers and millennials, are they oil & water or two peas in a pod? There have been large shifts in society and culture between when the baby boomers were born (1946-1964) and when the millennials were born (1981-1996). There are many factors that have influenced and molded each of these two generations such as technology, trends, debt and economy. Who exactly are millennials and baby boomers? What I know emphatically is that they both have strong opinions of one another. The Baby Boomers were promised the American Dream; they worked hard and are perceived as greedy and ambitious. Baby Boomers are “Perhaps the most influential generation in history, this “flower power” generation is known for their pivotal roles in the civil

Today, there are many Baby Boomers that live in the world. Most of these people have impacted a lot of people currently. This is because of many things they have introduced to us and or gave us. There are many people that can be shown to be very important to our culture and or history, but first of all, what is a baby boomer?

Over the next 50 years ageing baby boomers will have great impact on the Canadian economy in the area of health care. Baby boomers who were born between 1946 and 1964 increased the demand for elementary schools, high schools, post- secondary education and family housing. By 2062 many baby boomers will turn 100, now that they are aging, the demand for health care, death services, retirement homes and medicine is increasing. From 2015 to 2062, there is a predicted cost of $7.2 trillion that will be spent in health care for senior citizens. For funeral services for the baby boomers in 2015, there is an estimated cost of $2.8 trillion, and old pension cost of $1.3 trillion. The senior

Adsett states that one problem may be the increase of neo-liberalism. Back in the 1970s and 1980s, the government of Canada was based around what she calls the “Trudeau era.” During this time, fertility rates were incredibly high, so the government needed to base many of its policies around young voters and their needs. Adsett states that the baby-boomer society was “defined by a strong youth culture and by a strong youth counter culture that ‘mobilized’ for change, threatened to ‘drop-out’ and questioned adults’ values and authority” (Adsett, 253). The Canadian government realized that it needed to get the support of the growing younger generation. New programs were implemented that would help with unemployment, college tuition, and new home placement. Young

There is diversity among all Canadian, hence there is differences among the aging population. Not all seniors are aging well and have the appropriate programs and services to meet their needs. Some seniors are victims of abuse and some are living in isolation and poverty. Some seniors suffer from chronic illness and other socio-economic factors limit the amount of money they can put away for retirement. Hence these middle and low income elderly retirees will have to depend mainly on the pension plan that is offered between the age of 60- 65. The age of 60-65 is regarded in Canada as the age of retirement. This paper will focus mainly on the disadvantaged older populations. The disadvantaged older populations are those who are currently

Canada’s birth rates are below replacement levels and its population is aging, causing a significant drop in labour force growth over the long term. By 2030, nearly one out of every four Canadians will be 65 years or older. Moreover,

After World War 2 as soldiers returned home they were looking to settle down, start families and make up for lost years caused by the war. This became known as the baby boom which first began in Canada in 1947 and lasted until 1966, it started later and lasted a couple years longer compared to the United States. This baby boom not only effected Canada then but continues to effect the country today and into the future. The baby boom effected Canada in many different ways, starting with how Canada’s demographics drastically changed in the early years of the boom. Another change was the economy which blossomed and, whose target audience were mainly the Boomers. The baby boomers are still affecting Canada today as they

With a statistics of “death strikes” (Demography Division, 2016) from 1926 to 2015, observation of graph has indicated a data collection of “the number of deaths of children less than one year of age was much higher in 1926.” (Demography Division, 2016) According to this trend, Canada has developed a much lower death rate for new born babies going through between 1926 and 2005 as a comparison of 20% of death in 1926 vs. less than 1% of death in 2005. Improvement of this trend can be explained as a better living of standard, also, the perfection of welfare state, especially health care is acting as the main character in this

“ No other demographic event in U.S. history-save perhaps for the staggering death toll of the Civil War-has had greater significance than the Baby Boom”(Monhollon, xiii). The late 40’s and all through the 50’s was marked the baby boom era. During this time, soldiers were returning home from the war and were extremely excited to see their families. The Great Depression had delayed the increase of births in the 1930’s, but when World War II was over families wanted to take advantage of the fact that they had finally been reunited. Women started having more children and Canada’s birth rate skyrocketed.

As Canada’s baby boom generation begins to turn 65, attention is now focusing on the demographic trend that anthropologists have been discussing for years. Canada like many countries is aging. Life expectancy has been rising for decades. In 2006, people could expect to live to 81 compared to just 25 years earlier when the average life expectancy was only 76. Canada's birthrate exploded between the end of WWII until about 1965, this increased birthrate was due to an improving economy which lead to an increase in larger families. Canadian women born between 1911 and 1912 had an average of 2.9 children, whereas those born between 1929 and 1933 had an average of 3.3. These two generations separated by 20 years shows a 13% increase in the number

Baby Boomers are a large generation who were born in the 1950’s and 1960’s, who in this generation are growing old. As they become older their attitudes about aging creates a new market in the world's countries. Although, some businesses are obsessed with youth, several companies seem visionless to the fact that their customers are the graying aging population. Some companies have started, with reservation to market and advertise to an older population and design products and services that meet their special needs. Few companies see the elderly as an exciting group to market to. However, most companies spend 95 percent of their marketing and advertising budgets on those who are 50 and under. In today’s generation of growing older the elderly population is much healthier and wealthier than past generations and has more time to spend their money. Several decades ago, most retirees had only a few years to live by the time they retired. Baby Boomers

Mandatory retirement refers to an organization of the labor market that requires employees to withdraw their services at an arbitrary age and age discrimination refers to social behavior in which age categories are used for the basis of a variety of employment decisions like hiring, promoting, and firing employees (Gillin and Klassen 87). Furthermore, this article examines the health issues and poverty in the older population, and the evolution of social policies, like mandatory retirement and old age security, in Canada.

Data is cited showing that, in an aging population, individuals rely on state support in their retirement years. Suggested policies include financial literacy programs, delayed retirement, automated personal saving, and financial advisory reform. Nishiyama et al. (2014) proposes that a key problem regarding personal savings, assets, and retirement are the very state funded programs designed to help retirees. The research concludes that median income levels among the Boomer generation will not be able to support it’s level of “consumption based on it’s own assets” (Nishiyama et al. p. 65) in the retirement years. In conclusion, this study asserts that the financial education and reflexive retirement delay components provide the most broad and effective measures to mitigate budget shortfalls in an aging

Currently, the population of Canada is shifting towards a higher ratio of retirees, and economic growth is expected to suffer. For the first time in Canada’s history, there are more people over the age of 65 than under the age of 15, and this trend is continuing to spread the gap (Parkinson, McFarland, & McKenna, 2015, para. 8). The percentage of Canadians over the age of 65 has also been increasing. This age group represented 8% of the population in 1971, it is now at 16% (Parkinson et al., 2015, para. 8). This shift from working-age to retired has a couple of negative effects on the economy. First of all, people in retirement have lower average incomes than those in the workforce so they pay less in taxes, while using more tax-subsidized services such as healthcare and OAS. The second effect is that it causes the workforce to shrink, which results in slowing economic growth. The labour force is Canada has grown by an average of 1.6% in the last fifteen years, but with more of the population ratio shifting to retirement age, that growth will slow to 0.5% (Parkinson et al., 2015, para. 14). “Forecasters say this labour stagnation will likely keep real economic growth below 2 per cent annually over the next decade, below the average of about 2.5 per cent over the past quarter-century.” (Parkinson et al., 2015, para. 14). If some of the population continues to work past the age of 65, Canada’s economic growth won’t be reduced by as

A retirement crisis can be seen looming on the horizon. Countless financial writers have interviewed analysts and actuaries documenting studies showing a large percentage of American workers will be financially unprepared for retirement. The effects will be devastating for an aging population facing increasing life expectancies. The cost to the U.S. economy and to those still working to support the financially