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Baby Boomer Population Analysis

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Baby Boomer Population Analysis
Every generation leaves its mark on our society. The aging Baby Boomers, the large population born between 1946 and 1964, have had significant and broad economic, political, and social influence in the country at each stage of their lives. It will be important to consider the influence of the large aging Baby Boomer’s population impacts on our limited resources (Fey, 2010; Pruncho, 2012). In 2011, the first of the Baby Boomers turned age 65. The size of the senior population is expected to grow over the next two decades: In 2012, 13.7% of the total U.S. population was 65 years of age or older. Projections suggest an increase to 20.3% by 2030 (Ortman, Velkoff & Hogan, 2014) due to both increases in longevity and a decline in fertility (Cherlin,
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