Word: boom
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Though the Baby Boomers have spurred the growth of the black middle class, there are as well an increasing number of unwed black mothers in the Baby Boom generation who must support their children on a pittance. "When you talk about two-parent families," says Frank Levy of the Urban Institute, "blacks have made gains in closing the gap on whites." The median income for a black family headed by a married couple ages 35 to 44 was $29,908 in 1983, not far behind the $35,600 average for whites. But the 43% of black households headed by women...
...today," proclaimed a famous McDonald's commercial, and the Baby Boomers believed it. The Depression-era work-and-scrimp ethic that drove their parents was not passed along. Inflation is at least partly to blame, says MONEY Managing Editor Landon Jones, author of Great Expectations: America and the Baby Boom Generation (Coward, McCann & Geoghegan). Spiraling costs made savings seem futile and fostered a sensibility of buy now, pay later...
...world. Everybody has to and so do I. Being your Mommy was one thing, but there are other things too." The fact that she comes back later to try to reclaim her son only makes the movie a more wrenching testimonial to the conflicts that racked the Boom generation as it coped with adulthood...
...little. Though church attendance rates have not increased noticeably, some Baby Boomers speak of a "new spiritualism" and grope, often privately and quietly, to regain the faith they lost in the secular '60s and '70s. In the '80s the Baby Boomers are not exactly generating a new Baby Boom of their own--the total fertility rate remains a low 1.8 births per woman. But because of the sheer number of Boomers who have finally decided to procreate, parks are full of strollers again, and many neighborhood schools, darkened during the baby bust of the '70s, are once more crowded...
...comeback. As millions of tourists enter the last items in their summer itineraries, they are setting out to explore what John Steinbeck called "this monster of a land." Travelers will be driving down country roads, hiking in the mountains, jogging on the beach. Their expeditions will spark a business boom for hotel owners and cruise operators, car-rental companies and motor-home manufacturers. In all, some 92 million Americans and 24 million foreigners are expected to vacation in the U.S. this year. As a result, revenues for the U.S. tourist industry may reach a record $280 billion, up some...