Abstract
If midlife is the age at which people have lived half their lives, then the baby boom is there. For men, midlife is age 37, when they have an equal number of years of life remaining. For women, midlife is age 40, when they have 40 years of life left. The middle age of the baby boom will stretch for nearly three decades. By 2011, the first baby boomers will turn 65. Then the generation will find out what it’s like to be old.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Eliot Glazer, “Feelings About Age, Part III” ( New York: Cadwell Davis Partners, 1985 ).
Jacob S. Siegel and Cynthia M. Taeuber, “Demographic Perspectives on the Long-Lived Society,” in “The Aging Society,” Daedalus, issued as Volume 115, No. 1 of the Proceedings of the American Academy of Arts and Sciences, Winter 1986, p. 96.
Median Retiree Age Drops, Study Shows,“ St. Louis Post-Dispatch,24 July 1985, p. 11A (five-star edition).
Philip L. Rones, “Using the CPS to Track Retirement Trends Among Older Men,” Research Summaries, Monthly Labor Review, February 1985, p. 47.
U.S. Bureau of the Census, “Projections of the Population,” Table 6.
Leslie Ensor Stockman and June Fletcher, “A Maturing Market,” Builder, June 1985, p. 73.
William Lazer, “Inside the Mature Market,” American Demographics, March 1985, p. 22.
Jordan, Case and McGrath, Inc., The 55 + Market: The Marketing Opportunity of the 1980’s ( New York: Jordan, Case and McGrath, 1980 ), p. 4.
U.S. Bureau of the Census, “Demographic and Socioeconomic Aspects of Aging in the United States,” Current Population Reports,Series P-23, No. 138, August 1984, p. 99; 1950 figure from personal telephone conversation with Census Bureau education specialist
Lazer, p. 49.
U.S. Bureau of the Census, 1986 and 1981 Current Population Surveys, unpublished data.
U.S. Bureau of the Census, “After-Tax Money Income Estimates of Households: 1984,” Current Population Reports,Special Studies, Series P-23, No. 147, July 1986, Table 1.
U.S. Bureau of the Census, “Household Wealth,” Table 5.
Philip Longman, “Age Wars,” The Futurist,January-February 1986, pp. 8–11.
United States General Accounting Office, Social Security—Past Projections and Future Financing Concerns, Report to Congressional Requesters, GAO/HRD-86–22, pp. 56–62.
Mary Kuntz, “It Wasn’t Meant to be Fair,” Forbes, 7 April 1986, p. 120.
Bureau of Labor Statistics, “Consumer Expenditure Survey,” Table 3.
Marilyn M. McMillen, “Sex-Specific Equivalent Retirement Ages: 1940–2050,” Social Security Bulletin, March 1984, p. 7.
Jeffrey D. Alderman, ABC News/Washington Post Poll, Survey Nos. 203, 206, 209, 10–13 November 1985.
Edwin A. Finn, Jr., “Instead of Planning for Retirement, Young Professionals Fret About It,” The Wall Street Journal, 9 December 1985, Section 2, p. 1.
Deborah Chollet, “Financing Retirement Today and Tomorrow: The Prospect for America’s Workers,” paper presented at the Employee Benefit Research Institute Policy Forum, “America in Transition: Employee Benefits for the Future,” Washington, D.C., 15 October 1986, Table 9.
Ibid., Table 8.
Employee Benefit Research Institute, “Women, Families and Pensions,” EBRI Issue Brief, No. 49, December 1985
Donald G. Schmitt, “Today’s Pension Plans: How Much Do They Pay?” Monthly Labor Review, December 1985, p. 19.
Chollet, Table 9.
Chollet, Table 8.
Chollet, Tables 7–9.
Arland Thornton and Deborah Freedman, “The Changing American Family: Living Arrangements and Relation-ships with Kin,” Economic Outlook USA, Volume 12, No. 2, Survey Research Center, Institute for Social Research, The University of Michigan, 2nd Quarter 1985, p. 36.
U.S. Bureau of the Census, “Marital Status and Living Arrangements,” Table 2.
Martha Farnsworth Riche, “Retirement’s Lifestyle Pioneers,” American Demographics, January 1986, p. 42.
How They Rank-1980 Census Results Ranked for States, Metropolitan Areas, and Cities of 50,000 or More,“ American Demographics, December 1983, p. 37.
Riche, p. 44.
Ibid., p. 54.
Americans on Vacation,“ Status, American Demographics,November 1985, p. 16.
Bill Johnson, “Deluxe Travel Tours Offer Vacationers a Taste of the Exotic—and a Soft Bed,” The Wall Street Journal,22 July 1985, Section 2, p. 1.
Joseph F. Coates, “The Next 30 Years in Travel,” Proceed-ings of the U.S. Travel Data Center’s Eleventh Annual Travel Outlook Forum, New Orleans, 20 September 1985.
Ibid.
Arthur Levine and Jack Lindquist, “The Muppie-izing of America,” The New York Times, 28 July 1985, p. E21.
Rights and permissions
Copyright information
© 1987 Cheryl Russell
About this chapter
Cite this chapter
Russell, C. (1987). The New Old. In: 100 Predictions for the Baby Boom. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-3468-0_7
Download citation
DOI: https://doi.org/10.1007/978-1-4899-3468-0_7
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-306-42527-1
Online ISBN: 978-1-4899-3468-0
eBook Packages: Springer Book Archive