By the year 2030, all Baby Boomers in the United States will be over the age of 65. That means one in every five Americans will be receiving AARP newsletters in the mail, making up 20 percent of the U.S. population.

 

According to the U.S. Census Bureau, the number of U.S. residents that are 65 or older is expected to double from 38.7 million to 88.5 million by 2050. The population of U.S. residents 85 or older is expected to skyrocket from 5.4 million to 19 million by 2050, as well.

 

On the other side of the spectrum, the workforce population of U.S. residents that ranges between the ages of 18 and 64 is expected to decline from 63 percent to 57 percent by 2050.

 

Text image of Generation x, y

As Baby Boomers continue to age, Generation X has a lot resting on their shoulders. (wallstreetinsanity.com)

A heavy burden is about to fall on the shoulders of generation X. Now middle-aged and sandwiched between the past and the future, gen X has the responsibility of looking after both their Baby Boomer parents nearing retirement and their Millennial and generation Y children going to college and needing support before entering the workforce.

 

2015 marks the year that the Millennial generation will surpass the Baby Boomers as the largest living generation in the nation. The projected number is 75.3 million, which surpasses the Baby Boomer’s 74.9 million. This will no doubt set off a new cycle of change for the country.

 

The GI generation, nicknamed “The Greatest Generation” by Tom Brokaw, turned America into a superpower after World War II. Since then, the Baby Boomers have been running America with their own ideas and beliefs with different levels of success. It is up to generation X to set a new foundation, so the Millennials can take the nation in a different direction toward new ideas and ways of thinking.

 

The next 30 years is going to be an era of transition for all three generations. Icons and pioneers in all forms of culture, business, literature, politics, and media will have to pass the torch on to a new predecessor. New ideas backed by new technology will challenge tradition and normality because with every generation comes a different point of view. It is going to be an exciting time to witness, and take part in, a new era of leadership.

 

Which generation are you a part of, and how do you think it will impact the nation? Tell us your thoughts and opinions, or find me on Twitter @jesusgreaser and let’s chat about it.