Baby Boomers A Boom Or Bust? Essay

1082 Words Jan 31st, 2015 null Page
1. Purpose: “Are baby boomers a boom or bust?”
2. Information: To begin with, in order to resolve if baby boomers are a boom or bust, information is essential before answering the topic associated to baby boomers. According to Robnett and Chop (2015), “The graying of America continues to accelerate as the first of the baby boom generation (those Americans born between 1946 and 1964) turned 65 years of age in 2011” (p. 2). Furthermore, “this age cohort is expected to increase from 5.5 million in 2010 to 6.6 million in 2020, a 19% increase for that decade” (p. 3-4). In addition to this, according to Niles-Yokum and Wagner (2012), “the over-85 population will increase from approximately 3.6 million in 1995 to 6.1 million in 2012 and 9.6 million by 2030” (p. 5). On the other hand, “older boomers had a higher rate of entrepreneurial activity that adults aged 20-34. Surprisingly, the average age of the founders of high-tech companies is nearly 40, and there are twice as many over age 50 as under age 25” (Moody and Sasser, 2015, p. 466). Alternatively, “older individuals are expected to account for 20% of the American population by 2020 as the “baby boomers” enter their later years beginning in 2011” (Administration on Aging [AoA], 2009) as cited in (Niles-Yokum and Wagner, 2011, p. 3). As a consequence, “the average American over 65 has multiple chronic conditions, including hypertension (72 percent), arthritis (51 percent), heart disease (31 percent), cancer (24 percent)…

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