Baby Boomers

How Old Are Baby Boomers?

As of 2023, Baby Boomers are between 59 and 77 years old. Baby Boomers are the generational cohort born after World War II, specifically between 1946 to 1964. This name is derived from an unprecedented post-war spike in birth rates.

What Are the Characteristics of Baby Boomers?

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At What Age Do Baby Boomers Typically Retire?

Baby Boomers have stayed longer in the workforce than previous generations. However, over half of them are past the traditional retirement age, and younger Baby Boomers are nearing it.

Retirement has accelerated in the past few years. This is largely due to the pandemic, resulting in three million Baby Boomers retiring prematurely.

This anomaly aside, it’s common for Baby Boomers to retire in their mid-60s. The median retirement age in the US is currently 62, slightly younger than experts anticipated. Recent data indicates that only 33% of people between 65 and 74 participate in the workforce.

What Is the Difference Between Baby Boomers and Millennials?

Baby Boomers are two generations older than Millennials (with Generation X in the middle). While Baby Boomers were born between 1946 and 1964, Millennials were born between 1981 and 1996. As of 2023, Millennials are between 27 and 42 years old.

Baby Boomers were the largest generational cohort in the U.S. (peaking at 78.8 million in 1999) until 2019, when Millennials dethroned them. They are now the third-largest generation in today’s workforce. Baby Boomers make up 19% of workers, while 39% are Millennials, and 35% are Generation X.

What Is Important to Baby Boomers in the Workplace?

Saving for a comfortable retirement is important to Baby Boomers. Rather than establishing a career, purchasing a house, or building a family, Baby Boomers plan for retirement.

When it comes to employee benefits, Baby Boomers are more likely to prioritize their 401(k) and health insurance plans, while younger generations may worry more about parental leave.

Baby Boomers' Workplace Values and Behaviors

These are some of the main differences between the working values and behaviors of Baby Boomers and Millennials:

What Do Baby Boomers Want in an Employer?

Baby Boomers look for three main traits in their employers:

Additional Baby Boomer Statistics for Employers

As an employer, it’s critical to make decisions that align with the values of your team. If your workforce includes Baby Boomers, here are additional facts that can help guide you:

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