Term Paper: Impact of Aging Baby Boomers

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Sample Term Paper – Impact of Aging Baby Boomers 

Words 1,030

This term paper discusses impact of aging baby boomers on National Economy and Politics. Baby boomer is the name given to the generation that was born after World War II (i.e. 1946) to 1964. Baby boomers are a unique generation as they witnessed or became the pioneers of many changes in the world that was starving for progress and growth after the mass destructions and set backs of the two world wars.

Baby boomer is the name given to the generation that was born after World War II (i.e. 1946) to 1964. Baby boomers are a unique generation as they witnessed or became the pioneers of many changes in the world that was starving for progress and growth after the mass destructions and set backs of the two world wars. They were the first to experience an explosion of consumer culture in the mid-twentieth century, the first affluent teenagers and the challengers of established social roles and institutions. (Biggs et al, 2006)

The baby boom generation has been in debates in recent years not because of their unique and revolutionizing position but because they, being the largest generation in terms of population, constitute the majority of the nation’s workforce, which is now aging and approaching retirement. According to projections given by the U.S. Census Bureau in 2005, the United States  will see the largest of its generations (i.e. baby boomers) growing 65 and older starting from 2011 at a rate faster than the rate of total population growth in every state. (Vestal). The primary reasons for the aging population are that people have fewer children and live longer due to better health care.

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