Wednesday, July 05, 2006

Interesting Facts about Baby Boomers

Approximately 77 million babies were born in the U.S. during the “boom” years of 1946-1964. (US Dept. of Health & Human Services)

In January 2006, the first boomers will turn 60. In 2011, the oldest baby boomers will turn 65, and, on average can expect to live to 83.

One in four Americans is a baby boomer. This is the largest population group in U.S. history.

A baby boomer turns 50 every 18 seconds and 60 every 7 seconds.

Baby boomers comprise 28% of the U.S. population, nearly 3 in 10 Americans.

Half of all baby boomers and 2/3 of younger boomers have children under 18 living in their household.

More than one third of boomers care for an older parent. (AARP)

Boomers are concentrated in metropolitan areas, as opposed to rural counties. Regionally, they are more highly concentrated in New England, the Mid-Atlantic States the upper Great Lake states and the Pacific Northwest. (U.S. Census Bureau)

Baby Boomers and Volunteering:

Nearly a third of all boomers – comprising some 25.8 million people – volunteered for a formal organization in 2005. (U.S. Bureau of Labor Statistics)

At 33.2%, the volunteer rate for baby boomers is the highest of any generational age group, and more than four percentage points above the national average of 28.8%. (U.S. Bureau of Labor Statistics)

A typical boomer volunteer serves 51 hours a year, or approximately one hour a week. (U.S. Bureau of Labor Statistics)

The percentage of retired baby boomers who volunteered increased steadily, from approximately 25% in 2002 to approximately 30% in 2004. (U.S. Bureau of Labor Statistics)

Volunteering tends to peak at mid-life, around the current age of baby boomers, and then decline slightly; declining further among the oldest old (typically 75+).

The biggest single inducement for baby boomers to volunteer is being asked by someone with whom one has an established relationship.

Baby boomers are less likely than older age groups to volunteer out of a sense of duty or obligation and more likely to volunteer as part of a social interaction.

Baby boomers are more likely to volunteer as a result of social, self development, self-esteem, or leisure-focused motivations. Episodic, familiar, community-based opportunities are also preferred.

Four out of five boomers see work as playing a role in their retirement years, with only 20% anticipating retiring and not working at all (AARP):

Of U.S. workers over 45, 69% plan to work in some capacity during retirement, with only 28% expecting not to work at all.

More than 75% of workers 45+ feel that work is important to their self-esteem.

(Research taken from the 2004 “Reinventing Aging – Baby Boomers and Civic Engagement” report, Harvard School of Public Health & MetLife Foundation Initiative on Retirement and Civic Engagement, unless otherwise cited.)

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