• Title/Summary/Keyword: Baby Boomer

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Financial Check-up: What Determines the Boomers' Financial Well-Being?

  • Baek, Eun-Young;Bae, Mi-Kyeong
    • International Journal of Human Ecology
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    • v.5 no.1
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    • pp.83-95
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    • 2004
  • The purpose of the study was to examine the determinants of financial well-being of the baby boomers. With data on 1,789 households from the 1998 Survey of Consumer Finances, the study provided a profile of baby boomers using demands, resources, financial attitudes, and financial practices. The descriptive statistics showed that 18% of the baby boomers were financially well off showing that they met the guidelines for two financial ratios: liquidity and solvency ratio. The results of logistic analysis on the measures of financial well-being revealed that financial management practices played an important role in predicting boomer's financial well-being. This suggested a positive approach of financial education to the baby boomers to help them manage their current finance well as well as prepare for their retirement.

Influential Factor of Life Satisfaction based on Types of Baby Boomer Generation (베이비부머세대의 유형별 삶의 만족 영향 요인)

  • Lee, Hyoung-Ha
    • Journal of Digital Convergence
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    • v.15 no.10
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    • pp.19-29
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    • 2017
  • The purpose of this study was to identify the multidimensional factors that affect the satisfaction of life by type of baby boomer generation. The subjects of this study were 1,895 households who were born from 1955 to 1963 among the respondents in the Korea welfare panel (the 10th year). The baby boomer generation was classified into four types such as gender, income status, male and female as socioeconomic status. The male type IV (B=.074, t=1.992, p<.05), health status (B=.233, t=7.268, p<.001), household income (B=.174, t=4.476, p<.001), depression (B=-.182, t=-5.242, p<.001), self-esteem (B=.255, t=7.027, p<.001), trust (B=.064, t=2.036, p<.05), etc. were found to have a significant effect on the life satisfaction of the male baby boomer generation. The female type IV (B=.100, t=2.598, p<.05), health status (B=.239, t=6.790, p<.001) (P<.001), depression (B=-.181, t=-5.142, p<.001), and self-esteem (B=.320, t=8.600, p<.001), etc. were found to have a significant effect on the life satisfaction of the female baby boomer generation.

The Association between Social Support and the Change in Depressive Symptoms among Baby Boomer (베이비부머의 사회적 지지가 우울감 변화에 미치는 영향)

  • Song, Si Young;Jun, Hey Jung;Joo, Susanna
    • 한국노년학
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    • v.39 no.2
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    • pp.347-362
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    • 2019
  • This study aimed to investigate the association between social support and the change of depressive symptoms and its difference by gender among Korean Baby Boomer. We used the Korean Longitudinal Study of Aging (KLoSA) 5th (in 2014) and 6th waves (in 2016). Samples were Korean Baby Boomer (born 1955 to 1963) who have spouse and children(N = 1,210). Dependent variable was depressive symptoms and independent variables were four social support variables (spousal relationship satisfaction, parent-child relationship satisfaction, frequency of social contact, and number of participation groups). Interaction variables between social support and gender were also included in the model. Hierarchical regression analysis with the lagged dependent variable was performed. Results showed that the higher the satisfaction of spousal relationship and the satisfaction of parent-child relationship, the less the depressive symptoms increased. All interaction variables were not significant. These findings mean that the support from the spouse and the child is helpful in lowering depressive symptoms, and the associations between social support and depressive symptoms are not different by gender among Baby Boomer. It implies that interventions for enhancing family relationships, especially spousal relationship and parent-child relationship, may be useful to reduce depressive symptoms among Korean Baby Boomer.

Convergence Study on the Relationship between Baby Boomer's Assets and Life Satisfaction: Focusing on the Mediating Effects of Depression and Physical Health (베이비부머의 자산과 삶의 만족도 간의 관계에 대한 융합연구 : 우울감과 신체적 건강의 매개효과를 중심으로)

  • Lee, Hyoung-Ha
    • Journal of the Korea Convergence Society
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    • v.10 no.12
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    • pp.361-368
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    • 2019
  • This study was attempted to verify the mediating effects of depression and physical health on the effect of Korean boomers' assets on life satisfaction. The 5th main survey data of the National Retirement Security Panel(KReIS) were used for this purpose. As a result, first, baby boomer's asset level has positive effect on life satisfaction. Second, the asset was able to confirm the positive effect of increasing physical health and satisfaction of life. Third, depression and physical health had a mediating effect between baby boomer's assets and life satisfaction. Based on the results of this study, policy suggestions were made to improve the life satisfaction by reducing the depression of baby boomers and improving physical health.

The Analysis by Postretirement of baby boom generation

  • Kim, Pan-Jin
    • The Journal of Economics, Marketing and Management
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    • v.5 no.2
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    • pp.33-39
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    • 2017
  • As the aging population geworsened by the a of the low fertility rate in the wake of the birth of the low birth rate, the rapid increase in the retirement age of the baby boomers in the wake of the birth of the Korean War is a significant indication of the separation of the aged and the role of the economically rich and the role of the role of the economically rich. Therefore, this study aims to address issues and countermeasures. The study aims to provide basic data for the future life of the baby boom generation by examining the problems and responses to the economic activity after the retirement activity of the baby boomers. The research suggests that the limit was limited to the retirement age of the baby boomer generation in order to boost the employment of the elderly. Due to the lack of exploration of the exploratory research, the lack of analysis of exploratory facts is the biggest limitation of the analysis. So, further analysis of this will lead to meaningful studies. Looking at the composition of this study, the introduction of the study included the necessity and purpose of the study. The focus on the point was on the concepts and characteristics of the baby boomer, and analyzed the characteristics of the economic activity and analyses and analyses of domestic and international cases. In conclusion, the issue was drawn up and the alternatives were sought.

A Study on Digital Divide Influence Factors of the Elderly: Comparison between Baby Boomer and Elderly (장·노년층의 디지털 정보격차 영향요인: 베이비붐 세대와 노인세대의 비교를 중심으로)

  • Yim, Jeong-Hoon;Lee, Hyuk-Joon;Lee, Ji-Hoon
    • The Journal of the Korea Contents Association
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    • v.20 no.9
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    • pp.475-485
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    • 2020
  • The purpose of this study is to examine factors influencing the digital divide between the baby boomer and elderly generation. Under this relationship, we investigated the age, education, family type, income, using attitude, using motivation, using outcome, cognition of intelligence information society, anxiety of intelligence information society, life satisfaction, social support. Research data were Using the data of 2017 Digital Divide Survey conducted by the National Information Society Agency(NIA), The final sample were 2300 who fully responded. As a result of factor, age, education, using attitude, using object, cognition of intelligence information society, life satisfaction significantly effected directly in baby boomer. Also, family types, cognition of information intelligence society, life satisfaction in elderly. Based on the results of this study, the implications and future studies of the baby boomer and elderly are suggested.

The Effect of Forest Healing Program on Resilience and Depression of Baby Boomer Retirees (베이비 부머 은퇴자들을 위한 산림치유 프로그램이 회복 탄력성과 우울에 미치는 영향)

  • Sim, Nam-Seob;Shin, Chang-Seob;Shin, Min-ja
    • Korean Journal of Environment and Ecology
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    • v.35 no.4
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    • pp.424-434
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    • 2021
  • People who face retirement in aging society experience changes in resilience and psychological depression. As the baby boomer generation, which has played a central role in Korea's economic and social sectors, begins retiring, interest in their post-retirement lives has also increased. Thus, this study investigates the effects of a forest healing program using forest healing factors of ecological forests on the resilience and depression of baby-boomer retirees. This experiment divided 58 subjects in the baby boomer generation into three groups and examined differences among the groups. The result showed that the subjects in the forest healing program group (FHPG) had a very significant increase in resilience and a statistically significant decrease in depression compared to those in the forest healing program non-participation group (FHNG) and the daily life group (DLG). Therefore, it can be said participating in the forest healing program is more effective for retirees than voluntary forest activities. The results of this study can be used as basic data for research on the resilience and depression of retirees.

The Impact of Chatbot Usage on Health Changes Among the Baby Boomer Generation Women (베이비부머 세대 여성의 챗봇 활용에 따른 건강변화)

  • Kim SangMi;Choi Hui Chul;Ahn Moo Eob
    • The Journal of the Convergence on Culture Technology
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    • v.10 no.2
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    • pp.349-356
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    • 2024
  • By 2025, South Korea is expected to enter an ultra-aged society with the elderly comprising 20.6% of the population. We measured changes in health status before and after by the use of a "Cognition-Emotion Enhancement Chatbot Integrated Product" among Baby Boomer generation women. Fifty participants, proficient in smart device usage and willing to provide data, were selected from health communities in Seoul. After excluding some applicants, 43 Baby Boomer women were analyzed. Results revealed significant differences in post-chatbot use physical activity (43.5.21 ± 1310.39 MET) and depression levels (6.84 ± 3.53). Correlation between the two variables was not statistically significant. The findings suggest specific effects of the chatbot on physical activity and depression, emphasizing the need for future research with diverse health indicators.

The Relationship among Types of Lifestyle, Motivation, and Travel Product Selection of Baby Boomer Consumer (베이비부머소비자 라이프스타일 유형과 동기, 그리고 여행상품 선택간의 영향관계)

  • Kim, Eun-Joo
    • Journal of Digital Convergence
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    • v.14 no.6
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    • pp.21-32
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    • 2016
  • Baby boomers who were born right after Korea War make up about 15% of population of Korea and lead an aging society rapidly. They're retiring since from 2012 and going to make up nearly 80% of total of old retirees. Baby Boomers with much higher income and education levels are going to enjoy their retirement as traveling. Therefore, this study invests the relationship between lifestyle and travel product selection of baby boomer consumer. Two big results are as follows. One is that baby boomers progress consumption activity(because they have their own purchasing power) and have health and leisure lifestyle and family lifestyle. The other is when they select travel product, they eventually consider three elements- travel company, transportation, and travel colleague.

A Structural Model of Baby Boomers' Capital Dynamics and Quality of Life: Moderated by Birth Cohort (베이비부머의 자본역동과 삶의 질의 구조모형: 출생코호트의 조절효과)

  • Shin, Hak-Gene
    • Journal of Digital Convergence
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    • v.17 no.8
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    • pp.429-437
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    • 2019
  • This study examined diverse capital dynamics and the effect of the dynamics on the quality of life of Korean baby boomers living in Jeonju. Also this study investigated the moderating effect of birth cohort. A structural equation modeling conducted with 303 baby boomers for verification. The results are as follows: First, the human capital of baby boomer directly or indirectly affected psychological, economic, social capital, and quality of life. Second, economic capital directly or indirectly affected psychological, social capital, and quality of life. Third, psychological capital directly or indirectly affected social capital and quality of life. Fourth, social capital affected the quality of life. Fifth, the birth cohort moderated the impacts of economic capital on psychological capital and quality of life. The results provided an understanding of the quality of life of baby boomer and the direction of intervention.