You have an uncle, aunt, or grandparent who belongs to the generation known as the “Baby Boomers.” You might even be a Baby Boomer yourself. But how much do you know about this generation that has had a significant impact on society?
Here are some interesting facts about Baby Boomers you may not have known.
They’re Highly Educated
This generation is the most educated generation in history. The GI Bill provided financial assistance for veterans to attend college and enabled many boomers to obtain higher education degrees. This education led to a significant increase in skilled workers and professionals in various fields.
They’re Tech-Savvy
Contrary to popular belief, boomers are not technologically challenged. They have embraced technology rapidly and are avid users of social media platforms like Facebook and Twitter. According to a study by the Pew Research Center, 90% of these seniors own smartphones, while 64% use the internet regularly.
They’re not the Stereotypical Senior Citizens
Baby Boomers are often associated with retirement and old age, but the reality is that many of them are still working or have re-entered the workforce after retiring. This generation is known for their strong work ethic and are choosing to stay in their jobs past the traditional retirement age, which has decreased job opportunities for younger individuals.
They Support Their Adult Children
Unlike their parents, Baby Boomers tend to have a closer relationship with their adult children. They are more involved in their children’s lives, including financial support. A study by Merrill Lynch found that nearly 80% of Baby Boomer parents have provided some type of financial assistance to their adult children.
The Past Four US Presidents Are Boomers
Baby boomers have significantly impacted politics with the past four presidents from this generation. Bill Clinton, George W. Bush, Barack Obama, and Donald Trump were born between 1946 and 1964. They have shaped policies and decisions that have had a lasting impact on the country.
They Are More Prone to Hepatitis C
Baby Boomers are more likely to have Hepatitis C compared to other generations. This likelihood is due to the widespread use of injection drugs and blood transfusions during their youth before safety measures were put in place. As a result, the CDC recommends that all Baby Boomers get tested for Hepatitis C.
They Have the Most Spending Power
Baby boomers have the highest disposable income of any demographic and are responsible for over half of all consumer spending in the United States. Companies continue to tailor marketing strategies to this group due to their significant financial influence.
Boomers Control the World’s Wealth
Not only do they have the most spending power, but they also control a significant portion of the world’s wealth. According to a report by Statista, boomers hold 51.8% of all the wealth in the United States of America. This fact highlights their lasting impact on the economy and their ability to shape future markets.
They Experienced Teacher Shortages
Baby boomers saw a significant shortage of teachers during their schooling years. The sudden increase in students due to the baby boom created a demand for more teachers, causing schools to implement programs like emergency certification and larger class sizes. This experience has shaped their views on education and influenced decisions like investing in higher education degrees.
Barbie Is a Boomer
The iconic Barbie doll was created in 1959, so she’s technically a boomer. Ruth Handler, the co-founder of Mattel Inc., designed Barbie to represent an independent and career-oriented woman, reflecting the changing attitudes toward women during this time. Barbie has since become a cultural icon and continues to be popular among children and collectors.
Disclaimer – This list is solely the author’s opinion based on research and publicly available information.
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