Are we really destined by demographics?
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After 1976 there was again another birth explosion-- larger than the boomers.
Demographers call it the Echo Affect.
· With an echo there is a lag period between the initial event and the witnessing of the echo and so it was with the birth of this generation.
· After the Boomers had aged some they started having children. In fact, Boomers in their 30’s and 40’s (and towards the end of the cycle 50’s) were becoming first-time parents. Between 1977-1990- over 80 million babies were born.
· We call them the Net Generation – and they cut their eye teen on the technology their siblings modeled for them. It seemed natural
Boom, Bust Echo
|
|
Period |
Years lasted |
Number of Births |
|
Boom |
1946-1964 |
19 years |
77.2 million |
|
Bust |
1965-1976 |
12 years |
44.9 million |
|
Echo
Affect |
1977-1997 |
21 years |
81.1 million |
The reason the Echo affect lasted so long was because the Boomers whose biological clocks were ticking were making up for lost time.
How might this information change your view of the solvency of Social Security?
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