Just the facts. The big ones. The USA facts. (I will keep updating these facts.)
1. Baby Boomers were born between 1946 and 1964.
2. There are approximately 76 million Baby Boomers.
3. You can see the boom start in 1946 and start to slide in 1964 in this chart from the U.S. Department of Commerce, Bureau of the Census.The Baby Bust was huge. Wow, it must have been easy to get into college if you were born in 1974.
4. Every day 10,000 people turn 65.
5. Baby Boomers comprise 28% of the U.S. population, nearly 3 in 10 Americans.
6. It is estimated that the 55-to-64-age-group has a median of $78,000 in retirement funds.
7. 35% of Americans already over the age of 65 rely almost entirely on Social Security payments alone. Many started at 62 years of age.
8. White males 65+ have the highest suicide rate.
9. OK, not a stat. But, the kind of boomer stock photos I can’t stand. I mean… is this IT? Guitars, PC’s and bikes?
10. Boomers poised to make up half the U.S. population in 2017.
11. Baby Boomers currently account for nearly $230 billion in sales for consumer packaged goods, out-buying age groups in products like coffee, magazines and diet soda.
12. They will control 70 percent of the nation’s disposal income and stand to inherit $15 trillion in the next 20 years.
13. Boomers buy 73% of all hybrid cars.
14. Are you middle class?
15. Another tough chart from PEW.
Pew Research Center shows the decline in median household income and median net worth. Net worth dropped 39 percent — from $152,950 in 2008 to $93,150 last year.
