Dudek 1

Derek Dudek
Professor Lamb
BUSI-151
October 3, 2015
Baby Boom
The worlds most renowned population growth spurt is now looking toward its next and
final step. From 1946-1964 the generation known as the Baby Boomers are now heading
towards retirement. This is the final process of their lives before they get to relax and enjoy the
years that they have left. Notable hard workers range from athletes such as Michael Jordan,
Nolan Ryan, to politicians such as Ben Carson, Barack Obama, and many other notable people.
These people are a reflection of their parents who were hard working and survived one of the
most catastrophic moments in history, World War II. As these people approach retirement many
are asking what may happen to our economy today. Many ponder if the stock market will crash,
along with new healthcare packages that will increase medical insurance, and if the delayed
recession will rise again.
After such an outbreak in population, birthing 77 million people within the baby boom
generation, many are concerned about the rate of retirement and the drawbacks that may come
with this. First off, the stock market and the world trading is the main concern many have.
According to (Nance-Nash) Fixed income is not equivalent to all or most of their investments.
Also included is that the odds of the stock market crashing because of all the retirements is
almost an impossibility due to the fact that there is an 18 year difference between the oldest and

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youngest baby boomers. Another thing that is well talked about that argues the stock market
crash is that the baby boomers had children of their own which the stocks can be handed down to
them or purchased at the age they are. There are more important problems financially that the
baby boom generation can spark and make America suffer for.
America is already in a tussle about healthcare, health benefits, and how expensive those
things can be already. The prediction according to (Nance-Nash) is that the health insurance rates
and costs for consumers will explode in upcoming years. That is a red flag and something
Americans must take into account because health insurance is not required but highly intelligent
to get. This is not just an insurance that may benefit a person it is an insurance that will benefit
somebody at some point in time. This generations retirement will cause it to be more expensive
for the entire population and for the many years to come. The
The recession that has happened within the last 15 years has been brought back up again
with the retirement of these people. For the same reasons listed above, the recession that
happened back in 2008 is being brought back up as a possibility yet again. Now that gas prices
are more stable and America is starting to get back on its feet again another recession could set
America back many years. The boomers are notorious for breaking records in their specific
points in life such as, birth, while they were in their prime at work, and now retirement. All-time
highs have always followed the Boomers according to (Casselman) and nothing is going to stop
it.
In conclusion, the Baby Boom generation had many positives but many future
drawbacks. They may have helped an economy boost back in the 40s-60s but now they are
causing many possible problems for the United States. Although there are many other small

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drawbacks that may come about with this, the main points are that the stock market has a
possibility of crashing, health insurance is expected to rise to new limits, and the infamous
recession of 2008 is becoming a topic of returning within the next 15 years. Can America
recover or will the immense amount of Baby Boomers take over yet again?

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Works Cited
Casselman, Ben. FiveThirtyEightEconomics What Baby Boomers' Retirement Means for the
Economy. 7 May 2014. Web. 5 October 2015.
BBHQ: Famous Boomers. BBHQ: Famous Boomers. N.p., n.d. Web. 3 October 2015.
Nance-Nash, Sheryl. Forbes, Will Returning Boomers Crash Stock Market. 1 June 2012. Web. 3
October 2015.