Baby Boom Generation Numbers

Nick Murray posted an interesting article in the April edition of Financial Advisor Magazine (sorry, Nick doesn't allow FA to publish his articles on their website!). Anyway, the purpose of his article was to show financial planners just how big the Baby Boom market is.

I've always known that the Baby Boom Generation was huge. I just didn't realize how huge it really was. For instance, take a look at the number of births that occured annually during the Baby Boom.

           No. of
           Births
 1946     3,411,000
 1947     3,817,000
 1948     3,637,000
 1949     3,649,000
 1950     3,632,000
 1951     3,820,000
 1952     3,909,000
 1953     3,959,000
 1954     4,071,000
 1955     4,097,000
 1956     4,210,000
 1957     4,300,000
 1958     4,246,000
 1959     4,244,796
 1960     4,257,850
 1961     4,268,326
 1962     4,167,362
 1963     4,098,020
 1964     4,027,490
Total    75,821,844

Granted, not all of these people are still alive, but, it is said that 46 million of these people will be retiring in the next 10-20 years. FORTY-SIX MILLION! From a financial planner's viewpoint, this is a huge market in need of financial planning services. Time to get to work!