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Article: Young Americans.(Editor's Letter)
- Article from:
- Financial Planning
- Article date:
- February 2, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Marion Asnes, editor in chief
There are many special things about this year, but here's one I bet you haven't thought about: In 2009, the youngest baby boomers, those born in 1964, will turn 45. That's right-the entire Pepsi Generation, the youthquake, the sex-drugs-and-rock 'n' rollers, is well into middle age. That puts 65, the magic number for retirement, just two years away for the oldest baby boomers and 20 for the youngest.
When demographers started watching the baby boom, they called it "the pig in the python" because of the bulge it made in every population graph. The birth rate zoomed in 1946, peaked in 1957, and eased into a "birth ...