The Value of the Baby Boomer
From 1946 to 1964, the world saw the biggest explosion of newborn children it has ever seen since the beginning of mankind. The baby boomers have impacted the 20th Century with entertainment, business and style and as we enter the new millennium, the aging baby boomers will continue to be of huge importance. As the largest and wealthiest generation of all time, the boomers could have a highly positive effect on the industries that cater to them in terms of the advancements in technology, research and product quality as they continue to age. Higher funding for extensive research and improvements for treatments and cures of common causes of death among the elderly like cancer and stroke, and professional nursing services for the elderly at homes and institutions can benefit not only the baby boomer generation, but also the parents of the boomers as well as future generations to come. According to a study done by SRI Consulting’s, prostate cancer in the United States will rise by 35% in the next 10 years, lung cancer and non-Hodgkin’s lymphoma will increase by 30% among women, and skin melanoma and non-Hodgkin’s lymphoma will grow by 50% among men. These trends, according to the SRIC, will affect people reaching an age of
Among the people who are aged between 75 and 84, 14% of them need help with their daily activities. Among the people aged 85 years and up, 40% require assistance (Russell 173). Although elderly people are more likely to depend on family members for help with their daily errands and activites, many resort to professional nursing services. Some people choose to hire professionally trained nurses to provide the extra medical requirements elderly people need in the luxury of their own homes (assisted living), but others choose nursing homes that provide medical and social care for the elderly (Dyson 33). In the mid-80’s, the new idea of assisted living was launched by the demands of the baby boomers who “sought out new types of elder care facilities for their parents” (Raymond 58). As the biggest contributors to the improvement of elder care, the baby boomers will soon face the same situation where they too will require extra medical help and Bob Cramer, director of the National Investment Conference, a non profit education forum based in Annapolis, Maryland, believes that “if the boomers want more for their parents (in regards to elderly care), they are also going to want a lot more for themselves (Raymond 58).” Although the mortality rate of stroke patients is low, stroke survivors are more likely to suffer from dementia and epilepsy, which require further medical attention. As a result, stroke is ‘a major drain on health-care funding’ (Rothwell 1613). Medical research costs hundreds of millions of dollars to fund and it comes to no surprise that research-funding organizations have been reluctant to support medical conditions with low mortality rates. However, with the rising number of aging boomers (by 2029, the youngest baby boomers will turn 65), the number of stroke patients will rise to extremely high figures, leading to better reasons to fund research in preventing and treating stroke. Today, the baby boomers are the main donators for funding cancer and stroke and as a result, the parents of the boomers have benefited greatly by the constant advancements
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Approximate Word count = 1408
Approximate Pages = 6 (250 words per page double spaced)
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