baby boomer

An American person born during the "baby boom" following World War II, between the years of 1945 and 1965, during which the population of the United States increased by 40 percent. Typically used to describe members of this generation, who have been associated with economic prosperity, consumerism, self-indulgence. Primarily heard in US. Since baby boomers represent such a large percentage of the population, financial experts are concerned about the impact their retirement will have on the economy.