Meaning:
A person born in the years following World War II, when there was a temporary marked increase in the birth rate
Examples:
- Since baby boomers represent such a large percentage of the population, financial experts are concerned about the impact their retirement will have on the economy.
- It is today the most expensive disease, and costs are projected to increase fivefold by 2050, as the baby boomer generation ages.
- The new President was a baby boomer, born in the 1950s.
- When the baby boomers get around to saving up for retirement, you’re going to see a lot of investment scams.