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| Full Reviews: Baby boomers became more successful at the financial level than their parents. Compared to their parents, they are more likely to work even during their leisure days. Baby Boomer Impact on U. S. Economy U. S. economy soared when the baby boomers made their entry into the American workforce. They constituted the major source of labor. Their retirement from the workforce will naturally have a major impact on the country's economy. The United States Bureau of Labor Statistics foretells an acute shortage of labor that has to be given immediate attention. This labor shortage is believed to have an adverse effect on the country's economy. When baby boomers entered the workforce of American the economy grew at a rate faster than the growth of its population. When the baby boomers retire from the workforce, the growth of American labor force will be much slower, and it will be more difficult to maintain a flourishing economy. |