Baby boomers in Australia were born between 1945 and 1965. This is called a “boom”, a massive “bulge” in births, a “demographic time bomb”.
And it’s all our fault for being born then. Nothing at all to do with our parents. We will be an “unprecedented burden” on “productive workers” as we age. Because only baby boomers age, everyone else presumably stays the same age indefinitely.
But is any of this true? All those boom-time children made up around 30% of the population back in the 1960s. The cost burden was, presumably willingly, borne by the people responsible, the parents of these children.
Now check out the graph that shows the % of the Aussie population in each age group in 2014 (based on data from the Australian Bureau of Statistics).
By 2014 baby boomers made up only about 22% of our population, while Generation Y and the Millennials between them rack up 55%. Now that’s a bulge! The SHOCK HORROR baby boomer bulge looks more like a tiny ripple.
Daily I read cheery little comments from trolls about how pretty soon now all the baby boomers will “die off” and take all their pension-grabbing greed and ultra-conservatism with them.
Well, guys, you can’t count. The biggest bunch of baby boomers is now (2016) aged between 52 and 56. They are more than a decade off pension age and won’t be dying off any time soon. In fact, they’ll probably be around until at least 2040, so get over yourselves.
And if you don’t want us to be a burden, stop squeezing us out of the workforce as soon as we get to 50, or wear the consequences.