Baby boomers – those born 1946-1964 – represent the largest population growth in US history. What will they do in retirement, and what impact will that have on society and the economy?
That generation of Americans raised on “Leave It to Beaver,” who came of age during the battles over racial segregation, fought in (or over) the Vietnam War, joined the Peace Corps, marched for women’s rights, and populated suburbia with their offspring are now senior citizens.
We’re talking about baby boomers here – people born between 1946 and 1964, the first of whom turned 65 on New Years Day.
OK, so it’s mainly a big deal for demographers, wonkishly charting and graphing society.
In fact, boomers have been eligible to join the AARP (formerly the American Association of Retired Persons) for 15 years, and they’ve already seen three of their number become president – Bill Clinton, George W. Bush, and Barack Obama (at the youngest end of baby boomerhood).
But the image is distinct.
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