Statistically, baby boomers are the largest age group in American history. They number around 77 million and control a significant amount of the wealth and spending capability of the economy. As this age group enters retirement, the alterations in their spending power will likely generate a noticeable impact on the economy as a whole.

Baby boomer statistics reveal a good deal about this vast and major generation. To start with, those designated as baby boomers are the product of the "baby boom" that was a steep increase in the birthrate in the United States, North America, and much of western Europe following World War II. Baby boomers are often further divided into two classes. A first cohort simply called "baby boomers" are the ones born in the first half of the period between 1946 and 1964, while those born in the other half of the period are referred to as "Generation Jones."

The "Generation Jones" nomenclature comes from the writer and journalist Landon Jones who coined the word baby boomer in his novel "Great Expectations: America and the Baby Boom Generation." Generation Jones members would have absolutely no memories of wars until the outbreak of the conflict in Vietnam.

By far the most significant of baby boomers statistics is their sheer size. Baby boomers number just about 77 million individuals. Because of their statistics they definitely play a very large role in politics, the overall economy, and the culture itself. As they now are passing beyond middle age, they will imply increased demands for geriatric medical care and much more strain on entitlement programs such as Medicare health insurance and Social Security.

The economical impact of the baby boomers cannot be disregarded. In the United States alone, over 50% of the discretionary spending power rests with the baby boomers plus they are responsible for over half of all consumer spending. In the area of medical care, baby boomers buy 61% of non-prescription drugs and an astonishing 77% of all prescribed drugs. Even their vacation habits play a big role in the economy with boomers comprising about 80% of all leisure travel.

With baby boomers beginning to get older and approach and enter retirement, there are concerns that their reduced spending capability may have an adverse impact on the economy. And also the baby boomers are aging. It is estimated that a baby boomer in the United States turns 50 every 8.5 seconds! There's no question that these "Golden Boomers" are going to affect all areas of American life now and for almost the next twenty years.

Main Concerns That Many Baby Boomers Face
The members of the country's largest generation are now at middle age or beyond. As baby boomers age, they will be faced with adapting to the needs and demands of their age groups. Aging means responding to both financial and physical changes that need to be addressed.

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Generation Baby Boomers: Short Discussion On Their Past And Recent Concerns
The generation baby boomers falls within those born of the post war baby boom between 1946 and 1964. (Some authors and some other countries have used slightly different time ranges for this generation.) The name most likely comes from a book about the baby boom in America written by Landon Jones.

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