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Baby Boomer Facts

Tag: Baby Boomer Facts

    by Karl Schuster on January 8th, 2018No Comments

    In many ways, 1957 was a transformative year in American history. Major cultural shifts, fueled by unprecedented post-war economic prosperity led to a fundamental redefinition of what it was to be an American. For most, there was a very real sense of optimism and exuberance reflected in everything from large car tailfins to a new, youth-led music movement known as rock and roll. For others, a sense of hope for a better future began to take root with the passage of the Civil Rights Act of 1957 along with the courage displayed by the Little Rock Nine in challenging then-prevalent school segregation.
    Many think of technological advancements as a one-way street, forever onward and upward. To be sure, once clever new bits of tech like answering machines and boxes of neatly arranged punch cards have likely been relegated to the scrapheap of history for good. There are, however, some bits of technology that hold on long past the expiration dates set by experts in the field and, in some cases, even the manufacturers of the products themselves. Whether it’s nostalgia of the users, the timelessness of their designs, or some people simply rediscovering technology of days past, some technology is frankly too good to simply fade away. What follows are bits of tech you’ll undoubtedly remember from your youth that have experienced surprising second acts in their long lives.

    by Mayra Rocha on September 26th, 20171 Comment

    Half of all Americans retire between the ages of 61 and 65, while 18% retire even earlier, according to data from the LIMRA Secure Retirement Institute. And by the age of 75, 89% of Americans are fully retired from the workforce. Many Americans decide to put off retirement by a few years because they want to add to their nest egg to live comfortably or they didn’t start saving early enough to build a solid retirement fund. Although some Americans struggle with determining when to retire, other retirees from around the world are leaving the workforce at different ages. Read on below to find out some of the retirement ages from around the world.

    by Mayra Rocha on March 9th, 20171 Comment

    Baby Boomers, who were people born between the years 1946 and 1964, defined a generation and experienced some of the nation’s most historic moments. Within this generation, there were many influential Baby Boomer women who helped pave the way for others through political, activist, and workforce movements. They broke stereotypes as well as glass ceilings without letting their gender be an excuse for what they can or can’t do to pursue their dreams and goals.
    What makes a retiree move from their family home where they have lived and raised their family for years and into an active adult community? Well, there are several deciding factors that motivate Baby Boomers to leave their familiar surroundings and venture into an age-restricted development.

    by Mayra Rocha on December 14th, 20163 Comments

    Baby Boomers represent over a quarter of the U.S. population and it’s no surprise that builders dived into this market to meet the growing demand of retirees who want to remain active and social throughout their Golden Years. Development of 55+ communities began in the early 1960s that generated a new era of housing. And with about 80 million Americans reaching the age of 65 by 2050, it’s safe to say that active adult communities are here to stay and will continue to play a major role in the housing market.
    Traditionally taken by many young adults, a gap year is considered to be the year taken between high school and college. It gives them time to reflect on their lives, thus far, and decide on the direction they hope it will take. Whether traveling across the country, abroad, or merely relaxing, this time helps them gain perspective on their lives and offers time to decide what to do with the rest of their life.

    by Elliot Crumpley on October 24th, 20164 Comments

    There are currently 74.9 million Baby Boomers in the U.S. And while the millennial generation has just surpassed the Baby Boomers as our country's largest living generation, the Baby Boomers are still a driving force in our society.

    by Riley Ubben on October 13th, 2016No Comments

    When people talk about the 70s, they often talk about youth culture — disco and the hangover of the 60s — but the decade also saw retirement redefined as an institution. Medical advancements and the creation of Medicare meant that people were living longer, and a period of economic prosperity following World War II allowed many to retire at a younger age, though some did not have a choice.

    by Elliot Crumpley on September 27th, 20162 Comments

    There's no question that each generation has a unique set of circumstances and experiences that form their values and goals. Baby Boomers and Millennials are no different in this regard. But what is it exactly that makes the Millennials and the Boomers handle their finances so differently, especially in their saving habits?

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