Baby Boomers Research Paper

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Baby Boomers are individuals that were born in the years 1946-1964, after World War II. Baby Boomers are considered the largest generation in the history of the United States. There were actually a total of 76 million births recorded during this boom. This generation has left a vast impact on American society with different things like politics, culture, music, economics, health care, and most importantly social security. Knowing this, the closing of this generation will have an even greater impact on the future generations of this country. Baby Boomers grew up during a time in politics, culture and the economy. These were the years of post-World War II when all of the soldiers were back home. This was the time when soldiers returned home…show more content…
Bill Clinton, George W. Bush, and President Barack Obama were and still are high ranking politics that are considered baby boomers (and it is a high possibility that the next elected President of The United States will also be a baby boomer). There are many other celebrity baby boomers that are known well in the country of the U.S. Some include, Ellen DeGeneres, Oprah Winfrey, Madonna, George Clooney, Paula Abdul, Charles Barkley, Angela Bassett, Bon Jovi, Terry Bradshaw etc. Baby boomers naturally fight for their interest of the generations and the impacts that they have left and that will leave. The baby boomer generation is not like any other generation in history. They understand that the world doesn’t owe them anything, unlike the generations now. Today baby boomers make up about 26% percent of the population.6 It is said that baby boomers are more financially responsible than other generations have ever been. Most baby boomers don’t come across as the selfish type. From 1990-2010, Baby Boomer spending’s fell in categories such as food, clothing and household furnishing.7 Baby boomers are by far the most successful generation in this country, even though there are now more female baby boomers than males. In 2006, there were approximately 96 male Baby Boomers for every 100 female Baby…show more content…
The cost of social security will rise faster than the working-age population.12 At the beginning, when social security was first discovered, the life expectancy was 65. Now that we are in the 21st century, many to all baby boomers have already reached this age, and are currently drawing their social security checks which is draining the economy that they sufficiently built during their progressive years in the labor force. As millions of baby boomers reach their retirement, social security will shrink and one day disappear. Having that happen, social security will not be able to pay full benefits from its payroll and other tax revenues.13 Even as the boomers due continue to retire, social security costs are projected to only rise slightly, because the retirement age is said to be increased and other cuts that were in enacted in the 80s have already reduced benefits.14 Along with social security, Medicare will also consume over half of Americans taxes that will be collected in 2040.15 All of this is causing the future work force of America to work hard for themselves and the future retirees of America. The baby booming generation has so far had a positive impact on America’s society. As the generations continues to the decrease, so will the work

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