Word: boomerism
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Dates: during 1990-1999
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...common thread is that the members of this new boomer bulge have the financial stability to retire comfortably and interests and passion that are leading them in new directions. About one-quarter to one-half of all clients seeking the help of financial planners these days are early retirees between the ages of 50 and 55, notes Michael Chasnoff, a Cincinnati, Ohio, financial planner and chairman of the National Association of Personal Financial Advisors (NAPFA), which represents fee-only planners. And of the 20 million or so self-employed people...
...Baby boomers and Gen Xers may have taken over parenthood, but their own parents are also living longer and thus extending the family as well. By the year 2005 there will be an estimated 80 million to 90 million grandparents in the U.S. Only those codgers won't be sitting in rocking chairs, talking about the old days. Boomer grandparents are likely to be "younger, healthier, wealthier and better educated," say Kathryn and Allan Zullo, the husband-wife authors of The Nanas and the Papas: A Boomers' Guide to Grandparenting (Andrews McMeel). The Zullos give grandparents advice about keeping...
...baby boomer type of thing," she explains. "They've been through the aerobic stage, they've been through the jogging and weightlifting stages, and now they're 40. They're aging, and Pilates is perfect for osteoporosis, arthritis and building a great body. It's the long, lean look of a dancer's body that they've wanted all along...
...were derived from World War II and the Cold War," says TIME correspondent James Graff. "He shepherded the country through the complex process of reunification, and worked to protect Germany from its worst impulses by centering it in a strong European Union." Schroeder, by contrast, is a German baby-boomer, concerned less with the past and the wider European perspective than with the domestic economy. "This election marks a new generation assuming the leadership of Germany, one less shadowed by the legacy of the war," says Graff. "Enough of history, German voters seemed to say; let's have a fresh...
...once the new boomer generation gets going, the effects may be more positive. Developing nations, where about 90 percent of this growth will take place, get a "demographic bonus" -- that is, there will be more working people than retirees and children combined. As long as the global economy can give them jobs, the neo-boomers mean a windfall in taxes and social security for their home countries. And the ever-older U.S. can only look on in envy...