Introduction
The baby boomer generation according to Roberts & Manolis (2000), is considered to comprise of individuals who were born between the years 1946 – 1964. There is no consensus of the definition of the baby boomer generation especially since the term is also used for cultural purposes. However, the overriding fact among those considered to be part of the baby boomer generation is that they were born in the Post World War II era where there was a boom of births in the US and Europe.
The baby boomers were wealthiest compared to their predecessors before the war. The bulk of ...