What do a baby boom generation and bust have in common?
* They are both demographic events: They describe periods of significant change in birth rates, creating distinct age cohorts with potential effects on society.
* They both influence the economy: Both can impact labor supply, demand for goods and services, and the overall economic structure.
* They both impact social structures: Changes in population size and age distribution can affect family structures, housing markets, healthcare systems, and political landscapes.
* They both influence cultural trends: The cultural values, trends, and behaviors of each cohort can be shaped by their specific historical context and the experiences they share.
However, it's important to note that the baby boom and baby bust represent opposing trends:
* Baby Boom: A period of high birth rates following World War II (1946-1964).
* Baby Bust: A period of significantly lower birth rates that followed the baby boom, starting in the 1960s and continuing through the 1970s and 1980s.
Understanding the contrasting nature of these demographic events is crucial to analyzing their distinct impacts on society.
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