The proof that baby boomers are the backbone of Australia 110



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Earlier this week McCrindle Research released the latest social analysis report of Australia. It covers a variety of things like the typical Australian household, Australian employment, marriage and relationships, the social habits and the general face of the population. Reading through this report made one thing very clear – baby boomers really are the backbone of Australia.

We’re classified as older Australians and thought of as a minority, yet we make up around one quarter of the Australian population. Together with the “builders” generation, those who were born between 1935 and 1945, we’re one third of the Australian population. We’re one of the first generations to truly pay taxes all of our lives, we were independent, we’ve lived through some very tough times and if it wasn’t for the baby boomer generation, Australia wouldn’t be the place it is today.

Here are five reasons why…

  1. Baby boomers make up 25 per cent of the workforce. There’s a common misconception that baby boomers are old and retired. This proves that in fact, baby boomers are active and are still contributing significantly to the growth of this county despite doing so for over 40 years already. What is more powerful is that in just ten short years, baby boomers workforce participation will drop to just 8 per cent. That’s an incredibly significant drop – a bigger difference in workforce participation than any other demographic and that takes us onto the second point.
  2. When baby boomers fall from the workforce, there is a huge number of bricks and mortar skills that will be depleted. While 1 in 10 of the builder generation had university degrees, 1 in 5 baby boomers have a university degree and 1 in 2 Generation Zs will have a university degree. These are the people that will replace us in the workforce and they will bring an incredibly new skill set. We’ve built Australia today on bricks and mortar knowledge and skills, not academics. The average Australian is likely to have less practical knowledge in 20 years and this is not necessarily a positive change.
  3. The typical Australian household has changed from a nuclear family to multigenerational… why? It is because more baby boomers still have their children living at home but are also caring for elderly parents instead of using retirement facilities and later life nursing homes. We’re still working and we’re caring for those around us giving so much to so many places. Will this continue to happen with each generation or will retirement facilities become the primary option for an ageing population?
  4. We’re working because we need to fund our kids. There’s a new phrase travelling around: KIPPERS (Kids In Parents’ Pockets Eroding Retirement Savings). We’re fishing out of our pockets to help our children afford to live, study, get an education and enjoy a social life all at once, even though it isn’t necessarily our responsibility.
  5. We have more expendable income than any other generation and more purchasing power than any other generation. Mortgages are paid off yet we’re still working. We hold a lot of power and will continue to for quite some time.

So you see, the face of Australia and the stereotypical Australian society will undergo dramatic change over the next decade. Australia will change as we leave the workforce and look for alternative options. Currently were funding the government, funding ourselves, funding our children, contributing to the growth of Australia and caring for everyone in our lives but before too long a lot of that will stop.

So what will happen to Australia?

Do you feel the baby boomer generation has done it a lot tougher than other generations? This report sure does suggest that! Share your thoughts in the comments below…

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  1. Of course we already knew this; but the younger generations would do well to be aware of just how much ours and our parents generation contributed to this great country.

  2. We had none of the lurks and perks they get today, welfare was a $2.00 a month when I had my son. We left school and went to work and have worked non stop till retirement. We paid for not only our own children, we looked after our aging parents as well without complaint. Many of the conditions everyone enjoys today ..The Boomer’s got. I am proud to be a Boomer

    1 REPLY
  3. Us kiwi “older generation” are the same

    2 REPLY
    • I too am an older Kiwi, born in Masterton, but have been living in Western Australia for 35 years, and we had to work hard to raise our families with very little!!!

  4. As a 62 yo baby boomer, I thought my parents and grandparents did it tougher than we did. Boomers were innovators and had a lot of firsts. I just hope newer generations step up and put the effort in as well. They certainly have the smarts to do it. A time will come where we will need to be cared for and as has happened in the past it will fall to the current generations to look after those elderly folk. Family is an extremely important part of this process. Something that gets overlooked sometimes in an effort to keep your head above water.

    5 REPLY
    • I totally agree. I am the same age as you and think our parents generation did it much harder than us. My mother didn’t have her own car when I was young, or automatic washing machine, dishwasher, air conditioning nor microwave, to name a few yet she held down a full time job and we were a middle class family. I don’t know how she did it to be honest. They were also very resourceful……I always had a new outfit to wear out on a Saturday night which she made for me copying from a designer. I think we had it really well by comparison. I wouldn’t swap my life from theirs, nor the youth of today……we had it great!

    • lets hope the “Me Me generation” grow up and t ake responsibility for their actions or non-actions too…. lets hope it is going to improve.

    • Agree, my mum had it extremely hard, and in our childhood there was no pension & we had to be put into a home – Burnside at Pennant Hills.
      (i was 6 & my brother about 4 1/2 yrs old as they wouldn’t let her keep us on her own as her mother would not support us as my father would not help support us either. Mum worked 2 jobs to get us back to live with her & my memories of her are that she just worked hard. As an accountant she always brought work home at year end & we helped her by keeping the house clean & food ready.)
      We didn’t get to live back with her until we were deemed latchkey kids as young teenagers, I was about 13 & my brother 11-1/2. I think they had it very hard in their generation, they just had to work extremely hard. We also learnt a strong work ethic as well which I have passed onto my son. He has to stand on his own two feet which makes him strong.
      My generation, the baby boomers also are hard workers and hope the younger generation will be there to help us as we age (but I doubt it as I feel they look after themselves first)

    • Proud I am a boomer and I agree with a lot of the comments by others re our parents doing it tough so the baby boomers have changed a lot of things and many changes that have been good for australia and now our children are contributing as well but I do have concerns for some of the next generation they are too matetialistc and seem to always want more is that our fault maybe !!!! Lets hope australia keeps being the wonderful country it is and government doesn’t ruin it either.

    • I am 65 and my father died when I was 4 1/2 yrs. leaving my Mum with 3 children. we were lucky as mum wouldn’t let us go and she worked from home sewing. Home painting any job she could do with us children. And in those days There was no pension. Mum is 88 years old and has just moved in with us. She has lost most of her sight.

  5. Looks like the only ones not mentioned in your report are the big 4 and the big corporates maybe in time they will have to put back some of the overpayments they received from us baby boomers .

  6. I think though that we have made things too easy for our offspring. This is why they don’t realise the value of the boomers today.

    1 REPLY
    • Yes, it is unfortunate that the younger generation have been spoonfed & have no real concept of how hard the previous generations have worked to realise the lifestyle that we now have.

  7. Parents and grandparents did it tougher than we did. Many of the younger generations expect handout after handout. In the long run this may take away an ability to develop resourcefulness and initiative.

  8. Sorry don’t agree my parents and grandparents had to deal with the great depression and 2 world wars don’t think we can compare with that

    6 REPLY
    • Yes I agree….and we Baby Boomers are a product of them. They did have had it harder and we carried on with the teachings we learnt from them….i.e. That hard work never killed anyone, always have respect for other’s and mind you manners, always pay your way and don’t expect handouts, plus, if you can’t do it yourself don’t expect others to do it for you. etc. We grew up with their teachings and have continued on the same way into our latter years. I am glad I grew up in that era, I would not change it for quids!

    • Your parents and grandparents did not have to still work in their 70’s and 80’s and we had the dirty Vietnam War. Also the article praised the pre world wars generations. We suffered by post war fathers who didn’t know how to be fathers. We were thrushed into a changing Victorian world into everything goes. It was hard had to work to support oneself but had to suffer the indignation of not being equal with out male counterparts. Yes times were hard to adjust to. The younger generations I think should be known as the throw away generation.

    • Our expectations were a lot less worked 40 hours and did odd jobs to improve our life, took one holiday a year looked after our elderly parents I did not know anyone in a nursing home so can’t compare really

  9. The younger generation want only the best of everything.Baby boomers were happy to start out with second hand goods, use layby to get what they needed and live within their means .

  10. As a 71 yr old Baby Boomer we did it hard in a different way to previous was the first time we saw a huge number of wives work full time as well as husbands & many are still working at. 70 because I worked with them.We had no maternity leave or child care to do this.We cared for elderly parents & war affected men/ women.we paid for our children to live while at university, as well as for our new homes.We have had to go through constant re education as technology in our jobs advanced rapidly.My parents worked very hard but in a different way to me Mum kept house as did many of that generation & although it was very manual, it was at home, no daily travel to work & being on time for a boss.

  11. Well I’m a Baby Boomer and proud of it I’ve worked all my like from age 15 , mother said go and get yourself a job so you can pay board . And I have been working up until now . Have payed TAXES all my life but now I’m all but worn out worked and worked just hope the next generation is up for the challenge . The Baby Boomers build AUSTRALIAN but sometimes we made mistakes and the wrong government got in and stuffed all the hard work we boomers done like the government in there now idiots !!!!!!!!

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