The Baby Boomers represent a generational microculture that has lived the same
defining moments in history such as post-war affluence and progress. A huge
percentage of the Baby Boomers have reached retirement age, but according to a
survey, most Americans between the ages of 50 and 55 want to move on to an “encore
career” instead of retiring to a life of leisure like previous generations. Many of these
encore careers combine income with social impact, meaning these individuals want to
do something that can change the world. “Social sector” industry jobs, such as health
care, educational services, nonprofits, performing arts, museums, and libraries, are
expected to experience robust growth in the next decade, fitting nicely with the
aspirations of the Baby Boomer generation. Some Baby Boomers want to get involved
with social causes as a way to identify themselves as distinct from their predecessors.
The fact that many of them are now pursuing encore careers would mean that they
won”t have much time to spare in caring for their grandchildren. Their children might
be upset because they expect their parents to help with child care just as their
grandparents did for their parents. Many of these Baby Boomers have lesser number of
grandchildren than earlier generations as most of their children either decide to have no
kids or adopt a one-child policy. This makes it possible for their children to maintain a
lifestyle similar to their parents even though most of them are not as affluent or well-off
as their parents. Many firms that provide services for taking care of the elderly are
aware of the spending power of this specific population. The firms are conducting
research on the Baby Boomers to assess their needs based on attributes such as age,
income, gender, and religion. Refer to Baby Boomers Scenario. Many firms that
provide services for taking care of the elderly are aware of the spending power of this
specific population. The firms are conducting research on the Baby Boomers to assess
their needs based on attributes such as age, income, gender, and religion. This is an
example of a(n) _____ analysis.
a. psychographic
b. demographic
c. geographic
d. orthographic
e. ethnographic
In the United States, people attend funerals in black-colored clothes while in Japan,