Boomers are the generation that grew up between the years 1946 and 1964. They are often referred to as “The Greatest Generation.” As a result of their exposure to both World War II and the Cold War, Boomers have generally fared better than other generations in terms of health and long-term well-being. Let’s learn about ‘What Percentage Of Boomers Went To College?’.
What Percentage Of Boomers Went To College?
According to the Pew Research Center, 57% of adults aged 18 to 34 years old currently have a college degree or higher, which is significantly higher than the percentage of Boomers that went to college (approximately 32%).
What Was The State Of The Economy?
The economy during the time of the boomers was very different than it is now. For one, there were a lot more jobs available because technology had made so many industries obsolete. Also, tuition rates were much lower and people could get good educations without having to go into debt. Most people who graduated from college in the ’80s or early ’90s did not have any student loan debt whatsoever.
There were also several affordable housing options available due to factors such as deregulation and decreased interest rates. Additionally, credit card companies weren’t nearly as aggressive about lending money to consumers for frivolous items like cars or vacations. Instead, they were more interested in loans for larger purchases like homes or businesses.
Despite these positive aspects of the economy during the boom years, some downsides should be considered as well:
- inflation increased significantly which caused prices on everyday items to increase faster than wages
- young adults didn’t have enough experience working full-time yet so they often ended up taking heavy loads of debt just to get started in their careers
- wealth inequality became increasingly pronounced which led to social unrest throughout multiple countries around the world.
Details Of The Condition Of Boomers
The 1960s were a time of great change and transformation for the baby boomers. This decade witnessed major social unrest, including the Civil Rights Movement, Vietnam War, and Counterculture Era. Additionally, technology started to rapidly evolve which had an impact on all aspects of life.
Another big trend during the 1960s was feminism which became more visible with each year that passed. Women not only began to break down barriers but also fought for their right to pursue careers outside of domestic responsibilities and household chores. The rise in women’s rights led many people to believe that society was starting to move forward positively.
The economy continued its steady growth throughout the decade with businesses expanding constantly thanks to new technologies and consumer demand driving innovation trends like fast food restaurants, big box stores, cellular phones, computers (and software), carpooling/sharing programs, etc.
Availability Of Education: What Percentage Of Boomers Went To College?
There are many different types of education available to boomers, and the options range from online courses to traditional colleges. In general, there is no need to rush into a decision; you should take your time and do your research so that you can make an informed choice.
Some good resources for researching higher education include The College Board website, Time magazine’s list of the Best Colleges 2017-2018, U.S News & World Report’s 2018 edition of “Best Colleges,” Forbes’ list of America’s Top 500 Universities 2018 (published in December), and The Princeton Review’s 2019 edition of “The Best 379 Liberal Arts Colleges.
For example, some schools offer online courses that can be completed at home.
Many colleges and universities also have distance learning options available, which means that you can learn without having to leave your house or travel away from family and friends. In addition, many employers now provide educational benefits such as tuition reimbursement or tuition assistance programs. So it is never too late to begin your education.
Living Standards
Living standards enjoyed by boomers include more leisure time, more convenience, and more disposable income. Boomers are also known for their strong work ethic, which has helped them fend off economic downturns in the past. Many boomers have achieved great success despite challenging economic conditions like the Great Recession.
In terms of leisure time activities, boomer retirees often enjoy spending time with family and friends as well as pursuing hobbies or interests that they didn’t have enough time for when they were working. This abundance of free time can be spent traveling, refurbishing old homes (boomers love to decorate), reading magazines or books on the go, or cooking elaborate meal demonstrations at home for guests who drop by unexpectedly…the possibilities are endless.
Another major benefit enjoyed by boomers is their increasing access to conveniences, unlike any other generation before them. For example, many boomers benefited from employer-sponsored 401k plans and Social Security during their working years which has helped them rack up a large amount of savings over time.
Additionally, higher wages typically mean more money available for spending on other things such as housing or retirement income. And finally, once retirees reach age 65 or 70., they can often continue drawing down these savings through inflation-protected annuities without any additional fees or taxes associated with traditional investments like stocks and bonds.
Conclusion
The time of boomers was good for a few reasons. For one, they benefited from strong economic growth that led to increased wages and improved living standards. Additionally, there was an increase in technological innovation that helped to improve our economy and speed up the process of globalization. This also allowed people around the world to access better education and healthcare facilities.
FAQs
- What were the periods for the existence of boomers?
The period ranges from 1946-to 1964.
- What is another name for the boomers?
They are often referred to as The Greatest Generation.
- What are some common issues during the generation of boomers?
Some common issues include Limited retirement savings, High levels of student debt.
- What were certain major events that the boomer generation witnessed?
Ceratin major events that the boomer generation witnessed were the Civil Rights Movement, Vietnam War, and Counterculture Era.
