How did the existence of the baby boom generation change demand in the United States?

Question

The baby boomers did not raise demand until they became adults, when they had their own money to spend.

After they reached the teenage years, the baby boomers were integrated into the society and no longer affected demand.

People were poorer because they had so many children, so demand was lowered.

Demand was raised for different goods with each age the baby boomers reached.

Answer 1

The most accurate statement regarding how the existence of the baby boom generation changed demand in the United States is:

Demand was raised for different goods with each age the baby boomers reached.

As the baby boomers went through various life stages, their consumption patterns evolved, creating significant shifts in demand for a wide range of goods and services. For instance, during their childhood, there was an increase in demand for toys and childcare products. When they became teenagers, demand surged for entertainment, clothing, and automotive products. As they matured into adulthood, they influenced demand in housing, appliances, and later, healthcare and retirement-related goods and services. The size of the baby boom generation meant that each of these transitions had a pronounced impact on the economy.