Baby Boomer Case Study

Decent Essays
2.3.1 Baby Boomers’ Resources (Mobile TRAVEL Application)

‘Baby Boomers’ are forty plus year olds that were born post World War II and as they age their attention to health rise; they are also the more affluent demographic as they delayed having children and getting married; they have a tendency to buy quality (Wang and Hunter, 2011). Hunter and Worsley (2009) concluded that the retiring baby boomers even with a reduced income would not sacrifice spending on general well-being and would instead make cuts elsewhere. Baby boomers behold a reduced importance on convenience and therefore will spend more time on purchasing decisions (Worsley, Wang and Hunter, 2011). Mogilner (2009, p.220) backs up that ‘consumer’s expenditure of time carries a

Related Documents

  • Decent Essays

    Kelsie Dodd Economics I Current Event 11/29/16 Boomers, Gen X-ers and Their Retirement Summary of Article: In the article I read, it covers the topic about the baby boomers and Gen X-ers concerns for their retirement plans. Half of those generations have claimed that they are concerned they will not be able to retire at their desired time. The concerns were more common with women as they were concerned if they would be financially able to do so (retire).…

    • 250 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Summary #2: “Baby Boomers: Every Silver Lining Has a Touch of Grey” In Paul Hyman’s essay, “Baby Boomers: Every Silver Lining Has a Touch of Grey,” the author analyzes the ways of managing money, monetary concerns and retirement contemplations of the children of postwar America in the U.S. As per a report by CNNMoney.com, a quarter of working class Americans is extremely negative about their investment funds and plan to defer their retirement until eighty years of age. Likewise examined is the manner by which advertisers can conform their procedures as per the states of mind of the people born after World War II. With educated and formal diction that creates a sincere and earnest tone, Hyman hopes to reach his audience of high-end marketers…

    • 397 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    What impacts will the Baby Boom have on the 21st century in Canada? In order to comprehend the influences the Boomers bring upon this era, a brief explanation of the Baby Boom Generation is required. The Baby Boom was a time period consisting of people born from 1946 to 1965 (Aging Population: Impacts and Challenges). They lived in a time of great prosperity, thanks to improvements in the Canadian economy. This generation is special in various ways, moreover, they have tremendous impact on the Canadian population, government revenue and spending, also public services.…

    • 566 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Baby Boom Research Paper

    • 1773 Words
    • 8 Pages

    The Baby Boom 1946-1964 The 2001 Canadian enumeration information on age and sex demonstrates that as of May 15, 2001, the middle age of Canada's populace came to an untouched high of 37.6 years, an increment of 2.3 years from 35.3 in 1996. The country's middle age has been rising relentlessly since the end of the time of increased birth rates in 1966, when it was just 25.4 years. The Cana What are baby boomers? North Americans born between 1946 and 1964 are all referred to as the Baby Boomers.…

    • 1773 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    The Baby Boom is a demographic phenomenon that occurred after the Second World War from 1946 to 1965. In fact, about eight million Canadian people were born in this period, causing economic, social, cultural, and political changes in each stage of their growing process. (Statistics Canada, 2013) Currently, Baby Boomers have started to approach the last stages of their lifespan, reaching formal retirement from work and therefore an increase in leisure time. (Cavanagh and Wendy, 2012)…

    • 1833 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    The Baby Boom Era

    • 222 Words
    • 1 Pages

    It’s true what you said about how prominent the baby boom era really was. After WWII, when the soldiers returned, the population surged by millions. With this fresh inundation of babies and men returning from the war, the suburban population erupted due to the economic expansion. Veterans, wanting to settle into post-war life, began to move in masses to the suburbs. Before the war, overcrowded and meager apartments were commonplace.…

    • 222 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Sean Illing's Analysis

    • 1066 Words
    • 5 Pages

    Former Louisiana State University alumni, Sean Illing graduated with a major in Political Science and Philosophy and a doctorate in Philosophy. He started teaching as an adjunct professor for universities in 2013 and is currently the Interviews Writer for Vox. Illing alongside Bruce Gibney, former Stanford University alumni and American writer, discuss the reasons why baby boomers are blamable for the state in which the United States is today. Both, Sean Illing and Bruce Gibney, begin with a brief explanation on who the baby boomers are, their characteristics and their actions, which fundamentally contribute to a better understanding of the authors’ biased reasoning and argumentation. Gibney presents the boomers as a generation that “grew…

    • 1066 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Baby Boom Sociology

    • 1104 Words
    • 5 Pages

    Baby boomers will have a different approach of retirement age. The economic side of retirement is a particular concern to policymakers of today. Big changes will be due to the fact that the ratio between the number of working people to the number of retired people will change dramatically Baby boomers grew up in a very different era that those who are current retirees. Originally, social insurance in the form of Social Security benefits has played a major role of income support for the elderly in the United States. It is stated that because Social Security benefits are programmatically linked to marital and earnings histories, baby boomers may be affected by the social, demographic, and labor market changes have transformed retirement expectations for the baby-boom cohort.…

    • 1104 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    1). Thus, it seems that “the most striking statistics of recent years is increasing proportion of older individuals who are maintaining their own households… Additionally, about 56% of all noninstitutionalized older persons in 2007 live alone (19 million men, 38.6 million women)” (p.8). Furthermore, Kickman and Snell (2002) stated that, “it has been estimated that the economic value of such informal care-giving in the United States reaches $200 billion a year—one and a half times the amount spent on formal care giving” (p. 854). Moreover, “this growth in elderly could lead to a precipitous drop in the number of workers per elderly if current working and retirement patterns do not change” (p. 854). All these factors will assist in determining if baby boomers will befit a boom or a bust.…

    • 1082 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    The United States and countries around the world are facing a new challenge with the looming retirement of the Baby Boomer generation. As this generation approaches retirement, the United States will have to overcome many factors to align the financial cost of providing SSI benefits, Medicare and Medicaid. The grown in Medicare eligible individuals is projected to out- number to projected workforce of individuals between the ages of 16-65 by 33 %( Wiener & Tilly, 2002). In addition this will result in fewer individuals paying taxes to support state and federal programs aligned with the current system. Couple that will the change in life expectancy, increased demand in long term care facilities, management of chronic conditions, shortage…

    • 1175 Words
    • 5 Pages
    Superior Essays
  • Superior Essays

    Canada’s population has had drastic changes in the past 60 years. The cause of these extreme changes would be a nation-wide event of a large increase in children. Even though Our future is also dependent on our own choices, we cannot let history define our choices, This topic is very important to Canadians because it did not only shape the history of Canada but also the coming years, our future. They shape our future so drastically because the baby boom generated many new businesses and shaped the main industries of Canada and the Baby Boom children are the mothers and fathers of this generation, they have shaped our points of view and daily life patterns. In this essay I will talk about the negative and positive effects the Baby Boom has…

    • 1248 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Open To Growth

    • 797 Words
    • 4 Pages

    This is why leisure is so important and why time needs to be budgeted accordingly for it. The importance of leisure and how a whole generation has successfully dedicated time for it in order to stay young can be seen in the baby boomers. Baby boomers have been lonely known for their desire to stay young or at least act young (Greenblatt). They are able to stay young because of the amount of time they get outside for recreation time, and along with their leisure time which is mostly spent in nature. “Many boomers feel younger than their parents did at the same age, and that's just not their imaginations - or their consumer patterns” (Greenblatt).…

    • 797 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Baby Boomer Influence

    • 1249 Words
    • 5 Pages

    When prompted to describe a conservative member of the Baby Boomer generation, younger people from America often imagine a senior citizen with a distinct intolerance for the youth. America’s Baby Boomers are thought to view Millennials and the Generation Z as “entitled”, “lazy” and “self-centered”. Phrases like “back in my day…”, “today’s misguided youth…” and “the downfall of society…” get thrown around as well in such conversation. This general outlook seems to be applied to all of the world’s elders; a trope that older individuals never “understand kids these days” nor wish to. However, when delving into specific cultural reasons behind the seemingly inescapable disparities between the old and young’s beliefs, striking differences in the world begin to arise and the unique reasons for the generational attitudes become clearer.…

    • 1249 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Millennials expect to have flexibility and telecommuting option that allow them to work yet at the same time give them the opportunity to leave the workplace temporarily to care for children (Ballouli). They also don’t want to work long hours due to them having short attention span and reluctance to perform tasks (ballouli). According to Reynolds, “Millennials use a lot of structure in the workplace such as clearly outlined goals, teamwork, and acknowledgement” (Reynolds). On the contrary, boomers tend to be workaholics (milligan). They want to work long hours and don’t really have a work life balance like millennials.…

    • 783 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Theories Of Consumerism

    • 1321 Words
    • 5 Pages

    Consumerism in the United States among young people, specifically below thirty years, has been a subject of research by many scholars over the years. From a sociological standpoint, consumerism has been explored by some of the most renowned sociologists such as Thorstein Veblen and Bourdieu. These two sociologists sought to understand and explain consumer behavior during their lifetime and maintained that their sociological theories regarding consumerism were bound to persist in the future. Veblen is commonly known in the marketing and economics domains with his theory regarding the leisure class whereas Bourdieu’s concepts have been used widely in contemporary America in the explanation of consumer behavior among young people. Bourdieu’s concepts…

    • 1321 Words
    • 5 Pages
    Superior Essays