ipl-logo

Baby Boomer's Negative Impact On Our Society

748 Words3 Pages

During the 1947 to 1965, about 76.4 million children were born, this phenomenon was eventually labeled as the Baby Boom (Canadian Encyclopedia). Baby Boomers have left a significant impact on our society till this day. In this time period, it was common to have 5-7 children and people were experiencing life to see what life has to offer. During the time period, stocks rose due to the rapid increase in babies (textbook). However as the years progress, stocks have been decreasing in sales, establishing a reduction in consumerism. It has brought to attention that the Baby Boomer era has decreased in births after the Baby Boom, leaving the government outraged due to the fact that the Baby Boomer event will impact peak in births during the Baby Boom era resulted in financial instability in Canada and how society as a whole is experiencing difficulties …show more content…

With the increase in births, many people are concerned about the negative impact of the aging population on the economy. Due to the aging population means that most taxes provided from Canadian civilians are going towards elderly and their healthcare. Canada is not financially stable in the future because not enough workers to work in industries. Due to the the population differences as there are more people over the age of 65 than people under the age of 15(The Globe and Mail)” The government is also paying for some expenses for the baby boomers retiring which adds up to our national debt. Our national debt is around $17 million and our generation will have to pay for these debt due to our big population. Aging population plays a big impact on our economy, meaning that the population pyramid will have an uneven balance leading to many

Show More
Related

Baby Boomers In Today's Society

1193 Words | 5 Pages

Baby boomers are the demographic cohort, known as the generation that makes up the substantial portion of the world’s population. Individuals born during the time of 1946 to 1964 has lived in environments where smoking lead to a detrimental impact in their later years. As the third leading cause of death, chronic obstructive pulmonary disease (COPD) is common among the older population. This disease is the leading cause of both morbidity and mortality. Leading to a consensus that older adults (particularly baby boomers) are at a great risk of COPD because they grew up in an era where smoking was fashionable, cigarettes were provided during the wars, and exposure to secondhand smoke was tremendous.

Read More

Abbott Government Budget Essay

2808 Words | 12 Pages

The Organisation for Economic Co-operation and Development said “Australia’s economy continued to face near-term uncertainties as the resources investment boom unwinds and non-mining businesses were showing reluctance to expand” (Cadden, J., 2014). The generation of Baby Boomers entering into retirement puts strain on the government and tax systems to fund and support them, essentially creating a need to raise taxes and decrease the general standard of living for all Australians. Currently a main risk, domestically speaking, is that the “Federal Government is too aggressive in tightening budget spending, rather than relying on stronger economic growth to boost government revenues and thus, reducing the size of the budget deficit” (James, C., 2013). As the 2014-2015 Budget was nearing, Australians were concerned for the Government’s aim to appeal “an urgent repair job to address the looming structural crisis that would see the budget in deficit for decades to come” (Lewis, P., 2014).

Read More

Baby Boom Research Paper

519 Words | 3 Pages

Following WWII, the United States enter a time that would be called the Baby Boom. From 1946 to 1964 over 76 million babies were born in the United States. At the time babies made up around 40 percent of the American population. This changed the United States in a major way. Most historians believe that many families had babies because they were final out the Great Depression and can final afford to take care of it.

Read More

Summary: The Impact Of Aging Baby Boomer

342 Words | 2 Pages

The topic of this document is the impact of aging baby boomer on labor force participation. It’s a document published on February 2014, wrote by Alicia H. Munnell. There were lots of changes in the labor force participation rate. The great change began in the 1960s with the baby boom.

Read More

Effects Of Iousa On America's Debts '

557 Words | 3 Pages

The perception of IOUSA on the effect of debt on the young generation is wrong, because federal debt can increase or decrease the investments and wealth of the upcoming generations. It is wrong to use debt as the only measure of financial effect on various generations. It is only imperative to understand how debt interferes with the economy’s strength, especially when the local government borrows funds. It is wrong to measure the national debt using intergenerational burden.

Read More

The Negative Effects Of The Baby Boom In Canada

797 Words | 4 Pages

It enhanced Canada’s economy and changed women’s lives, and resulted in dramatic effects on the social features of the life of all Canadians. The Baby Boom has significantly propelled Canada 's economy. Since, the baby boom era was the largest; Companies focused on their items around the Boomers needs, there are masses of Boomers in Canada and they control about $3 trillion in obtaining force. Roughly 40% of the Canadian population will be more than 50 years of age by 2020.

Read More

The Civil Rights Movement, 1945-1980

822 Words | 4 Pages

From the time period of 1945-1980, there were many social and cultural developments for the United States. One of the most important, in my opinion, was the baby boom. The baby boom began in 1946 and was a shock to America. Recently, decreased births were rapidly reversed. The baby boom is so important because it had a major impact on society and the economy, and was a remarkable cultural development.

Read More

The Impact Of The Baby Boom On Canada

303 Words | 2 Pages

Every step that was taken in the past leaves behind a footprint in the future. In 1946, after the World War 2 was over, the economy raised and soldiers returning from war began to start their families which resulted in increased birthrates. The term used to describe the period of increased birthrates from 1946 and 1965 is known as Baby Boom. The people born during the baby boom period are known as ‘Baby Boomers’. This generation is yet the largest generation in Canada.

Read More

The Baby Boom Era

546 Words | 3 Pages

Children of post war America are the most effective demographic gathering ever. Organizations flourishes or comes up short in light of their capacity to keep pace with the preferences and aversions of this financial powerhouse known as the people born after WW2. At 76 million in number, boomers have the impact to control the commercial center and ensure they keep a spot set only for them as the biggest era. Because of its substantial size, the Baby Boom era has significantly affected society, business, and the economy. The effect of the era has been felt in every aspect of buyer spending, from expanded offers of child items when they were youthful; to rising interest for houses as they set up their own particular family units; to development in retirement funds vehicles as they get ready for their senior years.

Read More

Persuasive Essay On Alzheimer's Disease

493 Words | 2 Pages

Families will be affected on labor supply, total savings, and expenditure. As these health issues emerge it will consume much more of Medicare 's budget. The medicare program covers nearly 50 million elderly. The aging population will also have an impact on the economy. First, more people will be claiming pension benefits.

Read More

Baby Boomers Thesis

847 Words | 4 Pages

As people age, health becomes more of a concern as people more prone to health problems. Supporting Evidence: This was the time were many people were discovering themselves, so they did drugs, had unprotected sex etc. So most of our taxes will go to these Baby Boomers to pay for their health-care (PhillyMag) This also means that it is to the elder’s advantage because they can take use of the free healthcare The fact that they are growing old means that they are developing issues physically and in some cases mentally (Stat Canada)

Read More

Joel Stein's The New Greatest Generation

599 Words | 3 Pages

They have to attempt to be financially independent with all the student debt they have to overcome. Not being financially stable how can you blame them for moving back in with their parents. Our national debt is around 17 trillion. It will grow significantly over the few decades unless something is done to reduce it. But the boomers love their credit cards and mortgages.

Read More

Informative Speech On Borderline Personality Disorder

942 Words | 4 Pages

What is Borderline Personality Disorder (also known as BPD)? Borderline Personality Disorder is a mental disorder that affects how people process their thoughts and behaviors. People with BPD don’t really understand social events or even the dynamics of relationships, the same way that a person with a normal mental set of mind would. It is very hard for them to work within a proper setting, but it is not impossible. I told you what BPD is and now I am going to break it down for you.

Read More

Persuasive Speech Outline: Care For The Elderly

848 Words | 4 Pages

Introduction I. We as a human being, we age and it is said that there will be more elderly people in the future. A. According to the graph of 2012 Population Estimates and National Projections from the Current Population Report by Jennifer M. Ortman, the population aged 65 and above is projected to be 83.7 million in 2050, almost double its estimated population of

Read More

Global Warming In Antarctica Essay

1659 Words | 7 Pages

Global warming has been a highly debated topic for quite a bit of time now. Is it or is it not happening? Global warming is an increase of temperature that causes related changes in climate and the environment. This has been seen in Antarctica especially. The change of temperature in Antarctica due to global warming has had many effects on wildlife and the environment already.

Read More

More about Baby Boomer's Negative Impact On Our Society

Related Topics

Open Document