While he's well known for his philanthropy today, Bill Gates first cemented his position on any “most influential baby boomers” list in 1975 when he launched Microsoft.
Some famous Baby Boomers…
The youngest celebrity Boomers include Keanu Reeves, Wanda Sykes, Don Cheadle, Nicolas Cage, Courtney Cox, Rob Lowe, Courtney Love, Vivica A. Fox, and supermodel Elle Macpherson. American presidents Bill Clinton, George W. Bush, Barack Obama, and Donald Trump are all also baby boomers.
Baby Boomers (circa 1946 to 1964) Generation X (circa 1965 to 1980) Millennial Generation (circa 1981 to 1996) Gen Z (post-Millennial) (circa 1997 to 2012)
Baby Boomers: Born 1946-1964 (59-77 years old) Gen X: Born 1965-1980 (43-58 years old) Millennials: Born 1981-1996 (27-42 years old) Gen Z: Born 1997-2012 (11-26 years old)
The average net worth of a Baby Boomer in the United States is around $1.2 million.
Baby Boomers own half of Australia's wealth, despite being just one-fifth of the population.
It was interesting. The webinar was about the fact that the people born between 1946 and 1964, known as the Baby Boomer generation, are the wealthiest generation in Australian history. According to the ABS, about 5.7 million Baby Boomers in Australia make up about 22% of the population.
A common stereotype regarding Baby Boomers is that they're fear-driven, which experts believe could be due to having childhoods so close to the war era. They're also commonly referred to as “stubborn” and resistant to any sort of change.
In 1951, a Time magazine article was written in which the children of the generation were described as unimaginative, withdrawn, unadventurous, and cautious. Time magazine used the name 'Silent Generation' to refer to these individuals. The name has been there ever since.
The Pew Research Center uses 1928 to 1945 as birth years for this cohort. According to this definition, people of the Silent Generation are 77 to 95 years old in 2023.
Charles C. Carpenter was the earliest leader of the Boomer movement, but was eventually succeeded by David L. Payne. Payne helped grow the movement by founding the Southwestern Colonization Company, which served to organize the movement.
Generation Jones and the Boomers
The Baby Boomer generation was born between the post-war years of 1946 to 1964. A subset of the Boomers, Generation Jones, was born in the later years of the Baby Boom, from 1954 to 1964.
Both Michael Jackson and Madonna, whose music defined the 1980s, were born in 1958. It was during this time that baby boomers helped define how their generation had shaped and been shaped by the events and trends of the 1960s and '70s.
The core values of Baby Boomers include optimism, team orientation, personal gratification, health and wellness, personal growth, youthfulness, work, and involvement. When a workplace environment supports their values Baby Boomers are more satisfied with their jobs.
Their higher net worth is expected: with most baby boomers financially planning for at least a few more decades, they benefit from wealth earned from long careers and have more robust retirement accounts than the silent generation, who have dipped further into retirement savings.
The Greatest Generation refers to those Americans born between 1900 and 1925, many of whom fought during World War II.
Baby boomers are typically more traditional than millennials in terms of lifestyle. They are more likely to be homeowners and to live in traditional nuclear families. On the other hand, millennials are more likely to put off getting married and having kids later in life.
As baby boomers age, they must deal with the challenges of aging. That is why healthy living and regular check-ups with your doctor are more important as time goes by. Age is a risk factor for several chronic conditions, including diabetes, cancer, heart disease and Alzheimer's disease.
A zoomer is, in the newest use of the word, a member of Generation Z, the generation of people born in the late 1990s and early 2000s. The zoomers follow the millennials (also known as Generation Y), who follow the Gen Xers, who follow the baby boomers.
As the longest-living generation in history, boomers are at the forefront of what's been called a longevity economy, whether they are generating income in the workforce or, in their turn, consuming the taxes of younger generations in the form of their Social Security checks.
"A study shows that millennials will hold five times as much wealth as they have today and the group is anticipated to inherit over $68 trillion from their baby boomer elders by the year 2030," Morley Winograd, author of three books on the millennial generation, told Newsweek, quoting a 2019 research by Coldwell Banker ...
Millennials' wealth more than doubled to over $9 trillion since the pandemic began, but Baby Boomers are still worth almost 8 times as much.
Household wealth
Research has found that couples aged between 50 and 70 years have the highest median net worth (nearly $900,000), while singles aged between 30 and 40 years have the lowest median net worth ($50,000).