For decades, the retirement of the baby boom generation has been a looming economic threat. Now, it’s no longer looming — it’s here.
By Joel Kotkin and Wendell Cox (Excerpt from Forbes.com) The boomer generation, spawned (literally) in the aftermath of the Second World War, will continue to shape the American landscape well into the 21st Century. They may be getting older, but these folks are still maintaining their power. Those born in the first ten years of the boomer generation — between 1945 and 1955 — number 36 million, and they will continue to influence communities and real estate markets across the country, especially as they contemplate life after kids and retirement.