The Aging Of The Baby Boomers - 1850 Words

Canada is currently a very prosperous issue. However, there are a number of potential issues that could threaten this prosperity. These issues are economic, political, social and demographic in nature. In many cases these issues are a combination of economic, political, social and demographic factors. One of the most important issues that are threatening the prosperity of Canada is the aging of the baby boomers. The aging of the baby boomers will result in the general aging of the Canadian population. Wister and McPherson (2014) explain that baby boomers make up 30 per cent of the Canadian population. In 2011 this worked out to 10 million people between the ages of 46 to 65. In the near future as the baby boomers continue to age the number of people 65 years old and older in the population will increase significantly (p. 4). The aging of the baby boomers is an important demographic issue. The aging of the baby boomers is not just a demographic issue. It has important economic implications. Owen and Griffiths (2010) argue that the baby boomers can best be seen as a generational bulge that occurred between 1946 and 1964. This generational bulge is so large that it drives the economy during each state of the baby boomers lives (p. 76). This suggests that the aging of the baby boomers is a demographic issue with important economic implications. In this paper it will be argued that the aging of the Canadian population that is a result of the aging of the baby boomers is aShow MoreRelatedThe Aging Population : Baby Boomers Essay1589 Words   |  7 PagesThe majority of the aging population are baby boomers, people born from 1946 to 1964 with an average life expectancy of 70 to 80 years. Experts on baby boomers, Donald Redfoot, Lynn Feinberg, Ari Houser, Dr. Joanne Lynn (2013) and Dr. Elizabeth Bragg Jennie Hansen (2015) summarized that for independent living, seven out o f ten people will be needing assistance for three of those years such as â€Å"bathing, dressing, preparing meals, or paying bills† (Bragg Hansen, 2015, p. 91; Redfoot, FeinbergRead MoreAs The Expectancy Of Life Increases And Aging Of Baby Boomers,1109 Words   |  5 PagesAs the expectancy of life increases and aging of Baby Boomers, the need for health care grows, nevertheless, there is projection U.S to experience shortage of nurses. Therefore, it is imperative for organizations to identify the causes of nursing high turn-over rates and come up with critical methods to retain nurses within organizations. According to the American Association of Colleges of Nursing (AACN), by the year 2022, 3.24 million jobs will be created. Retaining existing nursing staff has becomeRead MoreThe Baby Boomer Generation Will Be The Trailblazers That Change The Attitudes Towards Aging879 Words   |  4 PagesBy 2030 the life expectancy is estimated to be 82.3 years of age, which means more people will enjoy a longer, healthier, and active lifestyle than ever before. The Baby Boomer generation will be the trailblazers that change the attitudes towards aging by remaining productive citizens in their communities and showing the younger generation that growing older does not mean that they are giving up the joys of living. In fact, many older adults will start enjoying life by having the time to do thingsRead MoreInformative Research Essay: Aging and Staying at Home1406 Words   |  6 PagesThe aging baby boomers are quickly approaching retirement age and the issue of long term care after retirement becomes a problem that everyone has to face. With the baby boomer there is an increase in their wealth because their working longer. In the 1930’s there were a lot of illnesses and diseases that were not cured as of yet as they are now and the average life expectancy was only 58 for men and 62 for women. Heart disease was one of the major diseases that were a killer of people in the 1930’sRead MoreThe Graying Of Our Population879 Words   |  4 Pagesthat were born during the 18 year period are referred to as Baby Boomers. As of 2012, Baby Boomers made up nearly 25% of the total U.S. population of approximately 315,000,000 (CNN, 2014). The U.S. faces a huge challenge as the number of Baby Boomers reaching retirement age will double by 2030. According to the Eldercare Workforce Alliance [EWA] (2014), the first Baby Boomers turned 65 years old in 2011 and by 2029, all Baby Boomers will be at least 65. The group, totaling nearly 70 millionRead MoreConsumer Behavior and Purchase Decisions of the Consumer Group of Baby Boomers979 Words   |  4 PagesBaby Boomers Consumer Group: As part of their means of segmenting consumers, marketers and the media have usually demonstrated some bias for the individuals life stage and demographics. The main reason for the use of these factors to segment consumers is because the economic, cultural, and age-specific characteristics have a significant influence on the consumers behaviors and their purchase decisions. However, life stage does not necessarily cover for the entire reason that influences a personsRead MoreAging Population : A Global Phenomenon1519 Words   |  7 PagesIntroduction Population aging can be defined as the median age of the population increasing over time. Aging population is becoming a global phenomenon as the baby boomers are hitting the 65-year mark and fertility rates are declining. 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One of the consequences are that the numbers in population are leading to dramatic changes in economy. With a population comes aging, which is now facing us(future generations included) with long-term economic consequences. Much is being discussed and reviewed over the demographic difference caused by the aging of the baby boomers generation defined as those born between 1946 and 1964. Over the next few years, the increasing population of seniors and elderly people will impactRead MoreOrganizational Responsibility and Current Helthcare Issues Essays1474 Words   |  6 Pagesin America are acknowledged as the Baby Boomers. This era of Americans consist of 78 million infants entering the world between 1946 and 1964. World War II came to a halt in 1945 and soldiers returned home with intentions of bonding his or her family relationship and locate employment as a means to provide financial support for his or her family. Bonding with his or her family came about in a form of expansion more women were pregnant resulting in more babies born in history during this era. Many