When World War II came to an end and soldiers returned home to the United States, an enormous number of babies were born. This population explosion, coined the Baby Boom by sociologists, lasted from 1946 to 1964.
- In 1957, there were 4,300,000 babies born setting a record for the highest number of births ever recorded.
- In the first year of the Baby Boom, 1946, there were 3,411,000 recorded births.
- The Baby Boom ended in 1964 with 4,027,000 recorded births.
- In 1964, Baby Boomers represented 40 percent of the population. Today, they make up 28 percent of the total population of the United States.
- Of the total population of Baby Boomers, women make up 51 percent.
- A Baby Boomer turns 50 every 8.5 seconds.
The Aging of Baby Boomers
- On January 1, 2006, the first Baby Boomer turned 60.
- Women who are currently 50 have a life expectancy of 82.5.
- Men who are currently 50 have a life expectancy of 78.5.
- In 1965, 36 percent of the population of the United States was under the age of 18.
- Currently, only 18 percent of the population is under the age of 18.
- The four states with the most active retirement community Baby Boomers are New York, Pennsylvania, California and Texas.
- The states that have the highest percentage of Baby Boomers in their population are Vermont, New Hampshire, Maine, Connecticut and Montana.
Baby Boomer's Education
- Did not complete high school - 12.5 percent
- High school graduate - 30 percent
- Attended some college - 29 percent
- College graduate - 29 percent
Baby Boomer's Work and Careers
- Currently working - 74 percent
- Does not work at all - 22.5 percent
- The average Baby Boomer will hold 11 different jobs during his or her lifetime.
Finances and Income of Baby Boomers
- Baby Boomers hold $13 trillion in assets, which is 50 percent of United States's asset base.
- Work earnings - 71.4 percent
- Social Security income - 10.4 percent
- Retirement income - 11.3 percent
- Food Stamps - 6.9 percent
Baby Boomer's Housing
- Own their own homes - 67.6 percent
- Rent - 25 percent
- Have different arrangements - 8 percent
- Would buy a home in an active adult community that is age qualified - 26 percent
- Would not consider buying a house in an active adult community that is age qualified - 24 percent
- Undecided if they would buy a house in an active adult community that is age qualified - 51 percent
Retiring Baby Boomers
- Think they will not have enough money to retire - 25 percent
- Have enough money to retire and live comfortably - 36 percent
- Not sure if they will have enough money to retire and live comfortably - 40 percent
- Looking forward to retirement to be free - 74 percent
- Want to retire to a home that requires little maintenance - 62 percent
- Want a smaller home when they retire - 23 percent
- When they retire, 55 percent of Baby Boomers plan to move
- When they become empty nesters, 36 percent plan to move
Baby Boomer's Health
- 50 percent of all visits to doctors in 2001 were made by Baby Boomers.
- In 2001, 27 million doctor visits made by Baby Boomers were for diabetes.
- 42 percent shop online for vitamins and natural food.
Baby Boomer's Online Activity
- Many Baby Boomers spend several hours online daily.
- 16.5 million seniors engage in social networking including Facebook, Twitter and My Space.
- Baby Boomers on My Space average 204 minutes a month.
- Out of 130 million members on MySpace, Baby Boomers account for 6.9 million.
Reprinted from http://seniors.lovetoknow.com/
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