Penny Krautbauer’s Post

Millennials have surpassed Baby Boomers as the nation�s largest living adult generation, according to population estimates from the U.S. Census Bureau. As of July 1, 2019 (the latest date for which population estimates are available), Millennials, whom we define as ages 23 to 38 in 2019, numbered 72.1 million, and Boomers (ages 55 to 73) numbered 71.6 million. Generation X (ages 39 to 54) numbered 65.2 million and is projected to pass the Boomers in population by 2028. https://lnkd.in/d29AsEJf

Millennials have surpassed Baby Boomers as the nation�s largest living adult generation, according to population estimates from the U.S. Census Bureau. As of July 1, 2019 (the latest date for which population estimates are available), Millennials, whom we define as ages 23 to 38 in 2019, numbered 72.1 million, and Boomers (ages 55 to 73) numbered 71.6 million. Generation X (ages 39 to 54) numbered 65.2 million and is projected to pass the Boomers in population by 2028. https://lnkd.in/gRUn3x2g

Millennials have surpassed Baby Boomers as the nation�s largest living adult generation, according to population estimates from the U.S. Census Bureau. As of July 1, 2019 (the latest date for which population estimates are available), Millennials, whom we define as ages 23 to 38 in 2019, numbered 72.1 million, and Boomers (ages 55 to 73) numbered 71.6 million. Generation X (ages 39 to 54) numbered 65.2 million and is projected to pass the Boomers in population by 2028. https://lnkd.in/dUr9JgRA

Millennials have surpassed Baby Boomers as the nation�s largest living adult generation, according to population estimates from the U.S. Census Bureau. As of July 1, 2019 (the latest date for which population estimates are available), Millennials, whom we define as ages 23 to 38 in 2019, numbered 72.1 million, and Boomers (ages 55 to 73) numbered 71.6 million. Generation X (ages 39 to 54) numbered 65.2 million and is projected to pass the Boomers in population by 2028. https://lnkd.in/gGAJaG4G

A new Statistics Canada | Statistique Canada report has found that for the first time ever, there are more millennials than baby boomers in Canada. How are you incorporating these demographic shifts into your business strategy? Federal policies are already having an impact as higher immigration in 2022 and 2023 helped slow population aging. Gen Z could overtake millennials in numbers sometime between 2038 and 2053. Read more... #demographics #shifting #canada #population #strategicplanning https://lnkd.in/dA2JvETr

Immigration has caused a historic shift in Canadian demographics: millennials officially outnumber baby boomers in Canada. This isn't the only demographic shift Canada has seen as a result of immigration. Check out the link below to get the full scoop: https://lnkd.in/g2P8-fNr #canadianimmigration #canada

Aging Boomers and Declining Births Reshape US Demographics. Key points from recent census data:• 65+ population surged 9% in 3 years, now over 59 million • Aging Baby Boomers (born 1946-1964) driving major demographic shift • Children under 14 declined 3% in past 3 years • Under-5 population shrank 4% • Falling fertility rates mirror global trendThese shifts pose challenges:Potential economic growth slowdown Concerns about underfunded pensions Changing workforce dynamics As our population ages and birth rates decline, how can we adapt our policies and systems to ensure a thriving future for all generations? The practice of Elder Law is more important the ever.

Globally, the proportion of older adults aged 65 and over is set to increase steadily over the coming decades, with research indicating a #population of 2.1 billion older adults across the world by 2050. Chris Hawkins looks into the changes needed to the #planning system to accommodate changing demographics. #townplanning #design #eldercare #elderly #retirementliving #retirementcommunity

News that millennials have displaced baby boomers as Canada’s single largest cohort implies that marketing professionals will likely shift strategic gears when conducting their campaigns.   Coverage from The Canadian Press focuses on the macroeconomic, employment and productivity considerations of this evolution (https://lnkd.in/gsgVJ5jJ). However, for marketers, it’s also significant. Demographic characteristics are only one input in marketing strategy. However, they’re a key factor for identifying profitable segments, interpreting needs and wants, and crafting appeals that match sensibilities.   As one generation fades and the next becomes dominant in its purchasing power, marketing methods and messages will intentionally lean toward the incoming group. But given the robust financial resources still held by boomers, marketers cannot afford to overlook their preferences. People “vote with their dollars.” They won’t spend them if they perceive themselves ignored.   #marketing #marketingstratgegy #communicationsstrategy #businessstrategy #demographics #babyboomers #millennials #marketingcommunications #communications

US demographics are shifting: The nation’s non-white population has grown from 24% of the population in 1990 to over 40% in 2023. White, non-Hispanic residents, who were 76% of the population in 1990, were 58% by 2023. Meanwhile, Hispanics accounted for 20% of the population and Black Americans for 13%. The Asian or Pacific Islander population is the nation’s fastest-growing racial and ethnic group, nearly doubling between 2000 and 2023. The US Census Bureau projects that multiracial Americans will be the fastest-growing racial or ethnic group over the next four decades, followed by the Asian or Pacific Islander and Hispanic populations. The non-Hispanic white population is expected to continue declining. Do these shifts surprise you?