What role do the baby boomers play in the economy? How important are they? What role did they play in the development of the country? Did they bring any changes?
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Baby boomer is a term used to describe a person who was born between 1946 and 1964. The baby boomer generation makes up a substantial portion of the world's population, especially in developed nations. It represents nearly 20% of the American public.
The greatest generation had relatively few investment options: mostly ordinary bonds and certificates of deposit. But those are relatively secure forms of income. That's not true for the boomers. What's more, with a longer lifespan comes more opportunity, and need, to take at least some investment risks to ensure keeping up with inflation.
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