Question

WHAT IS "BABY BOOMER ECONOMICS"? WHEN WERE THE BABY BOOMERS BORN? RESEARCH : WHAT HAPPENED WITH BABY BOOMER MARKETS GLOBALLY IN THE 1940'S; 1950'S; 1960'S; 1970'S; 1980'S, 1990'S; 2000'S; 2010'S AND TODAY? HOW DOES IT IMPACT THE GLOBAL TRAVEL AND TOURISM INDUSTRY? HOW WILL IT AFFECT YOUR OWN CAREER OR BUSINESS THE NEXT 20 YEARS?  

Answer 1

Baby boomer refered to the people who were born from 1946 to 1964. It also remarks a time when there is a very fast increase in the birth rate of an economy. The children born after world war ii. There was a very high rate of increase in the population specially in the more developed counties. American population consists of nearly 20% baby boomers. These children were born in the period in which the people have seen a very high standard of living and in that period after world war II the economies were also in a phase of rejuvenating itself and was developing very fast. The baby boomers were having high incomes. They also helped in increasing the level of economic growth. The baby boomers were the ones who have ended the war and had made a path towards the development of the economy and their development. They have managed to create a new style of living, the politics was also reformed and began to work for the development of the countries. The baby boomers have changed the trends and they are the ones who are behind the present type of working in the global market.

The baby boomers are the ones who were described as generation X during their teenage. There was a huge development in the world after world war II which was with the work of the baby boomers. As the people were having more money to spend and the standard of living was also very high therefore the increase in travel and tourism also takes place. The cruise ship destination was also a discovery of the baby boomers which is also prevalent in present times. The people who have become old have both time and money to spend on their vacation and thus the travel and tourism were also speeded up gradually which was again stated by the baby boomers.

The world has seen a phase of transition from world war II and the development is at full swing nowadays. The development of artificial intelligence in the sector can take the business to a different level. The speed of development is so high that everyday innovation and inventions take place. After 20 years the business will be more high-tech and the dependency on the technology will be more increased. The business will touch new heights with the help of technology. Reaching customers will be easier and targeting them will also be very easier. The standard of living will be higher and the spending power will increase.