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2.4 million baby boomers are projected to still be alive in 2060, with life expectancy increasing from 63.5 to 78.3 years. Entitlement programs for older Americans are expected to be strained as more people use them for longer than anticipated. The baby boom generation is responsible for 70% of all disposable income spending in the US by 2017.
About 2.4 million baboomers — those Americans born during the post-World War II period of rising birth rates from 1946 to 1964 — are projected to still be alive in 2060. The youngest of them would have turned 96 that year. At the end of the baboom period in 1964, baboomers made up about 40% of the US population, and in 2012 they accounted for 28% of the US population. Life expectancy in the United States in 1940, just before the baboom, was 63.5 years, and that number had increased to 78.3 years by 2010. As a result, entitlement programs for older Americans, such as Social Security to provide funds after retirement and Medicare for health insurance benefits is expected to be strained as more people use them for longer than anticipated when the programs were established.
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An estimated 76 million babies were born in the United States during the baboom, averaging about 10,000 babies a day.
The US birth rate in 2011 was 50% lower than the birth rate in 1957.
The baboom generation is projected to be responsible for 70% of all disposable income spending – money spent on things like interest and hobs – in the United States by 2017.
