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The importance of the baby boom is significant because every hour 1 person is turning 65 and in around 2015 or 2020 there will be 70 million baby boomers as compared to about 40 million today (2011)
As all of these people get older, they are all trying to retire. All of them will be looking toward Social Security to begin receiving the benefits they've been working toward. Also, as they retire the job market will be emptying making room for the next generation.
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