Baby boomers retiring will affect the economy – here’s how North America went through a period known as the ‘baby boom’ after World War II, in which birth rates shot up dramatically for about two decades.
The first members of this generation reached retirement age in 2011, and the continued departure of baby boomers from the labour force is impacting the economy in interesting new ways.
Editor’s Note: See the link below to see the slideshow story…
The growing number of Baby Boomer retirements nationwide is accelerating, raising concerns locally about losing a large chunk of the workforce sooner than expected.
Data shows nearly 6 million more Boomers in the U.S. retired from October 2020 through March of this year than the same period a year prior, creating a larger void than anticipated in an economy seeking to fill jobs across an array of industries and recover from the woes of the coronavirus pandemic.
Baby Boomers are the wealthiest generation of Americans alive today, and while some may no longer be active in the housing market, plenty are still looking to buy homes.
But where are Baby Boomers looking to buy? To answer this question, LendingTree analyzed mortgage purchase requests made in 2020 on the LendingTree platform across the nation’s 50 largest metropolitan areas.
Las Vegas, Tampa and Phoenix are the metros where Baby Boomers make up the largest share of mortgage purchase requests. In Las Vegas, 19.97% of purchase requests came from Baby Boomers. In Tampa and Phoenix, the numbers are 17.33% and 16.36%, respectively.
Baby Boomers Still the Spine of Independent Book Selling
By hillel italie, ap national writer
NEW YORK — Dec 1, 2015, 9:45 AM ET
Bookstores have a long history as allies and nurturers of social movements, and a generation of owners came of age when works ranging from Joseph Heller’s “Catch-22” to Eldridge Cleaver’s “Soul on Ice” were an integral part of the uprisings of the ’60s and ’70s.Shanks, Mitchell Kaplan of Books & Books in Coral Gables, Florida, and Kris Kleindienst of Left Bank Books in St. Louis are among many baby boomers who founded stores with little sense of how to run a business, but a profound sense of purpose. They are now pillars of a smaller but still vital independent-bookstore community, and models for the wave of younger owners who have opened stores in recent years.