Sunday, July 20, 2008
Post Baby Boomers
Interesting baby news lately (no not me - three is enough thank you), US birth rates are the highest since the early 1960's (baby boomer era), an average of 2.1 per woman. The economic impact of this is highly desirable in industrialized countries because "it means a country is producing enough young people to replace and support aging workers." (Stein, Washington Post 2007). With the boomer generation retiring, there is and will continue to be the need to fill their positions.
"This is a noteworthy event," said John Bongaarts of the Population Council, a New York-based think tank. "This is a sign of demographic health. Many countries would like to be at this level." (Stein, Washington Post 2007).
So what does that mean for us? Well, hopefully, it will keep us busy with our Grandma and Mommy Jewelry:)