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Members of the Boom Generation grew up as indulged youths during an era of community-spirited progress. These kids were the proud creation of postwar optimism, Dr. Spock rationalism, and Father Knows Best family order. Upon coming of age, however, Boomers loudly proclaimed their antipathy to the secular blueprints of their parents; they demanded inner visions over outer visions and self-perfection over thing-making or teamplaying. The Boom awakening climaxed with Vietnam War protests, the 1967 Summer of Love, inner-city riots, the first Earth Day, and Kent State. In the aftermath, Boomers appointed themselves arbiters of the nation’s values and crowded conspicuously into such culture careers as teaching, religion, journalism, marketing, and the arts.
During the 1990s, entering midlife, they trumpeted values, touted a “politics of meaning,” and waged scorched-earth culture wars. Now on the verge of elderhood, Boomers are rejecting the old notion of retirement in part because many have not saved enough to afford it. In old age, they look to be much more influential in the culture than in the economy or politics-much the opposite of the GIs who raised them. Representative members: George W and Laura Bush, Bill and Hillary Clinton, Bill Bennett, Steven Spielberg, Meryl Streep, Spike Lee, Bill Gates, Doctor Laura Schlessinger.4
Baby Boomers-the largest, healthiest, and wealthiest group ever appearing on the D.S. growth landscape-never met a loan they didn’t like. The reverse mortgage will simply be an extension of the status quo.
The writer is a reverse mortgage broker with numerous reverse mortgage clients.