Word: 80s
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Dates: during 1980-1989
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...Baby Boom, says Richard C. Michel of the Urban Institute, was hit by a quadruple whammy: inflation, fierce competition for jobs, exorbitant housing costs and the recessions of the '70s and early '80s. "They grew up with the expectation that they would live better than their parents no matter what they did," says Michel. "The 1970s ended that. It was a time of tremendous economic disillusionment for many people." Between 1973 and 1983 the median real income of a typical young family headed by a person ages 25 to 34 fell by 11.5%. In the 1970s, for the first time...
...80s, real estate became an obsession with the Baby Boomers. Demand outstripped supply: while new housing starts rose by only 11% in the 1970s, the total of outstanding mortgage loans tripled. Those who rented in that inflationary decade watched helplessly as the price of homes took off. People born late in the generation found that home prices were out of sight even before they entered the housing market. The tales were particularly grim in fashionable high-priced areas like Manhattan, where would-be yuppies desperate for affordable housing have even moved, VCRs and all, into rundown "single-room occupancy" hotels...
...which proliferated like weeds in the 1970s. Nor was the sexual revolution the answer. "Casual encounters and open sex left most Baby Boomers with a sense of emptiness, of personal isolation and loneliness," says University of Chicago Psychologist Froma Walsh. The spread of herpes and AIDS in the mid-'80s further diminished wandering lust...
...recruits these days; the divorce rate appears even to have slipped a little. Though church attendance rates have not increased noticeably, some Baby Boomers speak of a "new spiritualism" and grope, often privately and quietly, to regain the faith they lost in the secular '60s and '70s. In the '80s the Baby Boomers are not exactly generating a new Baby Boom of their own--the total fertility rate remains a low 1.8 births per woman. But because of the sheer number of Boomers who have finally decided to procreate, parks are full of strollers again, and many neighborhood schools, darkened...
...time sponsors like Jell-O helped earn him one of the ad world's highest Q (positive-recognition quotient) ratings, a rank he still holds. In his first solo TV series, he played a high school coach; it ended after only two seasons, in 1971, but by the '80s he got the formula perfectly tuned to the popular funnybone. After raising five children of his own, Cosby in his concerts was increasingly inspired by the bemusement of fatherhood. And it all came together in Dr. Heathcliff Huxtable, the beleaguered, loving father of five, who is at the center...