![]() ![]() While the Baby Boomers have had a profound impact on society, they are also faced with unique challenges such as longer life expectancies and financial insecurity in later life. They’ve spent virtually all our money and assets on themselves and in the process have left a financial disaster for their children.” They habitually cut their own taxes and borrow money without any concern for future burdens. As they’ve achieved retirement age, Boomers have had a significant impact on the economy and social programs, such as Social Security, and have reshaped the modern healthcare industry.īruce Gibney, author of A Generation of Sociopaths: How the Baby Boomers Betrayed America, tells Vox, “The boomers inherited a rich, dynamic country and have gradually bankrupted it. This generation is characterized by the cultural and social changes of the time, including the Civil Rights Movement, the Women’s Liberation Movement, and the counterculture of the 1960s.īaby Boomers experienced significant economic prosperity and growth, which allowed for an increase in consumerism and their overall standard of living. ![]() ![]() The Baby Boomer generation was born between the years 19, during a period of increased birth rates following the end of World War II. The concept of generations helps us all to better understand the experiences and perspectives of different age groups, as well as their impact on society. Generations are a way of grouping people based on the approximate time period in which they were born and the cultural, social, and historical events they experienced during their formative years. ![]()
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