A Fresh Look At Baby Boomer Statistics

| Sunday, April 15, 2012
By Morgan Lee

Baby boomer statistics are useful for helping to define one of the largest generations in history. As this group grows older, personal views among its members seem to be changing. How this group feels about its place in society can be an important factor in determining their plans and the subsequent effect those have on society as a whole.

Pew Research Center shows how the population already is showing the effect of an older population through numbers alone. Today, 13 percent of Americans are 65 years old or older. That number will grow to 18 percent by 2030. The medical system and elder care industry may have to lead the way in changes to accommodate this population shift.

As 79 million boomers grow older in the U. S. Alone, their needs for a sustainable life increase. The industry for outside assistance in terms of in-home care options and more attention to older patient needs in the medical industry may lead to advances in medicine. Hospitals and elder-care facilities may be facing a dramatic overhaul in the way they conduct business to cope with this new patient priority.

With the generation being one of the largest ever recorded, its numbers definitely tip the scale of balance when combined with the next generation in terms of retirement age. For those in Generation X, an aging population along with boomers may create a vast overlap in older workers. Boomers overall have generally been staying employed longer, with Pew survey showing that many consider 72 to be retirement age.

Many boomers were at the forefront of societal change in their younger years and remain connected to advances today. Most surveyed by Pew express an interest in technology, and a greater number of them participate in online media than those older than themselves. Even older members show a preference for staying connected online with friends and families.

When asked, boomers consider that they will have to work extended periods in their life to make up for losses during the Great Recession. Six in 10 answered in a Pew survey that they might need to put off their plans for retirement. This age group also considered their losses larger than others on the stock market during the recession.

Additional baby boomer statistics can be found on the Internet from various research institutes. Much of the analysis reflects on the direction the generation is headed based on their attitudes. A lot can be learned as these surveys are organized and reviewed through decades.

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