| When it comes to market demand, no other | | | | was a big demand for cars and homes. And now, |
| generation influences better than the baby | | | | since they are near to reaching retirement, |
| boomers. The baby boomers are the marginal | | | | expect that there will be a sharp demand for |
| generation born between the years of 1946 to | | | | senior paraphernalia. |
| 1964. This boom in the world population was | | | | Today's aging workforce also affects the |
| instigated by the end of World War Two. After | | | | government. Why is this so? This is because the |
| World War Two there was a huge drop in the | | | | aging workforce will soon draw out their Social |
| world's population. This was because of the many | | | | Security pensions. Studies show that by the |
| casualties of the war around the world. And since | | | | mid-2000s, the Social Security funds of the United |
| there was a need to repopulate, people around | | | | States will be depleted. As there are so many of |
| the world were instructed by their governments | | | | them, there would be an imbalance of inflow and |
| to make as many children possible. This resulted in | | | | outflow of money in the U.S. Social Security |
| the baby boomer generation. | | | | system - more people withdrawing and less |
| The baby boomer generation today is considered | | | | people contributing. |
| as the population's aging workforce. Today, this | | | | So how do you make the most out of these |
| generation is nearing their age of retirement. It | | | | aging workforce trends? That is simple: First, |
| should be noted that throughout modern history, | | | | invest on a separate retirement pension for your |
| the biggest influences of market demand is the | | | | own security (like a 401(k) or an IRA); and |
| baby boomer generation. When they were kinds, | | | | second, invest in a business that will cater to |
| there was a boom in baby supply demand in the | | | | them (like health-care or tourism). By doing these |
| fifties to sixties when they were teenagers, there | | | | two simple steps, not only will you be secure in |
| was huge demand for anything rock and roll in the | | | | the future but you'll also have a steady income. |
| sixties and seventies; when they matured, there | | | | |