Word: boomeritis
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Dates: during 2000-2009
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...surprising figure, since the 79 million people in the baby-boomer age bracket enjoyed more economic success than any other generation in U.S. history. Their sheer size, along with their higher educational attainments and output levels, drove exceptional income growth, though these big spenders weren't big savers. The generations that have followed represent a smaller share of the overall population. Thus as boomers age, the overall workforce will shrink. "Without an unexpected burst of productivity growth or a significant upsurge in investment per worker, the aging boomers' reduced levels of working and spending will slow the real growth...
...have a huge group of retiring baby boomers and not enough replacement workers," says Joan Carter of the Life Options Institute, an organization dedicated to helping people plan for life after age 50. The Department of Labor projects a labor shortage by the year 2010, with fields like education, health care, engineering and nursing set to suffer from a scarcity of workers. In a way, it's two negatives - boomer financial woes and a coming labor shortage - adding up to a positive, which is more boomers continuing to work and shoring up their savings. It could lead to a happy...
...election of Obama has not just turned a page in our politics but also tossed out the whole book so we can start over. Whether by design or by default, the past now loses power: for the moment, it feels as if we've left behind the baby-boomer battles of the past 40 years; the culture wars that took us prisoner and cut us off from what we have in common; the tribal warfare between rich and poor, North and South, black and white; and the illusion, if anyone still harbored it after the past eight years, that what...
...that we haven't seen in quite some time: maturity. He is undoubtedly as ego-driven as everyone else seeking the highest office - perhaps more so, given his race, his name and his lack of experience. But he has not been childishly egomaniacal, in contrast to our recent baby-boomer Presidents - or petulant, in contrast to his opponent. He does not seem needy. He seems a grown-up, in a nation that badly needs some adult supervision...
Trickle-Down Gluttony Kudos to Nancy Gibbs on her essay [Oct. 13]. As an early baby boomer, I was raised on the stories of thrift and sacrifice that came from my parents, who had grown up during the Depression and World War II. When George W. Bush suggested that the way to be patriotic after 9/11 was to go shopping, I was appalled. We have seen that message repeated over and over - including two incentive checks from our government so we could spend even more money we didn't really have. So excuse me if I have a hard time...