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THE YOUNGEST OF THE BABY BOOMER GENERATION TURN 60 THIS YEAR. HERE'S WHY THEY
ARE MORE LIKE GEN-XERS
They're Boomers but without the perks: Many born in 1964 are trying to stay
afloat in overpriced real estate markets that made their predecessors rich,
while caring for aging parents and trying to help their kids get a financial
footing
Author of the article:
Denise Ryan
Published Mar 18, 2024 • Last updated 2 days ago • 11 minute read
Join the conversation 28
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an account.
Marcia Thomson at her home in Vancouver. Photo by Arlen Redekop /PNG
ARTICLE CONTENT
If you were born in 1964 in North America, your parents likely enjoyed a robust
economy, a flourishing job market, decent salaries, rich pensions, affordable
homes, and well-resourced public schools.
1964 was the tail end of the baby boom, the postwar birth era that began in
1946. In 2024, these babies of the baby boom are entering their 60s. So how do
they feel about it?
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Article content
Article content
Many don’t consider themselves boomers at all.
“For sure I’m a gen-Xer,” said Joey Dong of North Vancouver. He’s turning 60
this year but he doesn’t feel old. He’s biking 50 to 100 km a day, running his
food blog, thefoodiecarguy, and planning to make the next 20 years of his life
his best.
In an essay for the Guardian, Douglas Coupland, who was born in 1961, said he
redefined the term generation-X because he hated being associated with boomers.
“How you identify is a big deal. I disliked being classified as a baby boomer so
much that I had to invent my way out of it.”
> I don't identify with boomers that are five years older than me.
>
> Joey Dong, food blogger
Joey Dong, who cycles 50-100 km a day, at home in North Vancouver. Photo by NICK
PROCAYLO /PNG
Boomers, including those born in 1964, represent about 24 per cent of the
Canadian population according to Statistics Canada and are expected to life
longer, healthier lives than their parents.
While boomers enjoyed many postwar economic benefits, tail-end boomers who enter
their 60s this year got the short end of the stick. Maybe that’s why many of
them eschew the label.
Things weren’t easy for tail-end boomers, said demographer David Foot in Boom,
Bust and Echo. They went to school in portables because classrooms were
overcrowded, reached adulthood during a recession, and the sexual revolution
older boomers enjoyed was being shadowed by the AIDS pandemic.
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They also entered a labour marked clogged with front-end boomers who were
earning 30 per cent more than their parents had. Tail-enders would earn 10 per
cent less than their parents.
Dong, like many entrepreneurial late boomers, got around that by starting his
own business. “You can’t depend on anyone else,” he said.
While self-reliance is a trait of generation-X, boomers have been called the
generation that ruined everything and have been excoriated for being selfish,
spoiled and greedy, leaving a swath of government debt and broken social support
systems.
Is it any wonder tail-enders want to separate themselves from that identity?
Tail-end baby boomer Jodi Derkson. Photo by NICK PROCAYLO /PNG
WINDING UP, NOT WINDING DOWN
Tail-end boomers are now trying to stay afloat in overpriced real estate markets
that made their boomer predecessors rich. They are caring for aging parents and
are trying to help their kids get a financial footing, while social safety nets
sag under the bloat left by front-end boomers.
But that doesn’t mean they aren’t enjoying their lives.
For Jodi Derkson, a teacher on call with North Vancouver school district and
self-described free spirit, there is simply no time for blaming the boomers.
She’s too busy.
Like many tail-end boomers, Derkson doesn’t have a lavish pension and so she has
no plans to retire. She’s going back to school to get a masters in counselling,
and plans to launch a new career in the final third of her life.
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“I’m entering my sixties with gusto,” said Derkson. Although she doesn’t have
kids, she’s not worried about who will take care of her: She is planning to take
care of herself.
> I'm winding up because I have to. I don't have anything except my own
> resources.
>
> Jodi Derkson, a teacher on call with North Vancouver
According to Rachel Margolis, a demographer and sociologist at the University of
Western Ontario, this is a unique “edge” cohort, more akin to generation-X,
which defined as those born between 1965 and 1980.
“Like gen-X, they came of age during a different economy, had much lower
marriage rates, they started families much later, and this cohort that is
turning 60 this year doesn’t have much in common with people who were born in
the 1940s.”
Dong, who has a teenager and a 20-year-old, echoes that.
“I don’t identify with boomers that are five years older than me.”
This edge generation faced unique challenges, said Margolis.
“They were coming into adulthood in the 1980s, affected by recession, the
decline of union jobs, the decline of the single family earner. They had fewer
kids and a big chunk of them did not marry, or have divorced. This is important
because the wages you experience early in your life and the relationships you
form affect your wealth,” said Margolis.
“It took them longer to get into their careers. They didn’t earn as much, so
they had to work harder, they burned out early, many in their 50s, but don’t
have enough to retire on,” said Margolis.
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Derkson plans to beat the statistics. While others are winding down, she is
winding up. “I’m winding up because I have to. I don’t have anything except my
own resources.”
That’s OK, she says. “I’m self reliant and I’m creative.”
This self reliance and creativity may be one of the benefits of growing up as
part of the “latchkey” generation. She had a certain freedom to do what she
wanted, said Derkson. “I was never told what I had to do. I was told to do what
I loved.”
Cheryl Painter in her Duncan studio. Photo by Cheryl Painter
‘TRYING TO ENTER MY 60S WITH GUSTO’
Other 1964 babies we spoke with expressed a similar appreciation for the
free-form childhoods that gave them a sense of security in their own
resourcefulness and resilience.
“I was part of the generation where they kicked you out in the morning and you
went home when you fell down or got hungry. The neighbourhood echoed with
parents calling your names at dusk. We could make mistakes, be crazy and we
could leave it there. There are no real reminders except a few bad photos,” said
Cheryl Painter, a Duncan artist.
Painter, 60, has always questioned the boomer label. “I don’t feel like part of
that,” she said.
It wasn’t hard to find affordable rental housing in her 20s, but the job market
was saturated. “There would be 40 people lining up for a job at McDonald’s.”
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After graduating with a degree in graphic design, she recalls being desperate to
get a job.
“The dream was a job with an agency, with benefits, but those were already taken
by boomers who were a few years older and still 30 years from retirement,” said
Painter. “No one in my generation gets a gold watch. We didn’t get benefits. We
were self-employed and made our way.”
> Sixty doesn't feel old to me anymore.
>
> Cheryl Painter, a Duncan artist
What she did get from being outside the comfort zone of a defined-benefits job
for life was room to experiment and grow creatively.
Like many late boomers, that translated into an entrepreneurial, creative life.
According to a survey conducted by the U.S.-based Small Business Trends
Alliance, “late” baby boomers account for 41 per cent of all small-business and
franchise owners.
Painter and her husband ran a shop selling handmade chocolate in Duncan.
“I’m trying to enter my 60s with gusto. I’ve got momentum with the painting, I’m
growing as an artist and looking forward to the future. Sixty doesn’t feel old
to me anymore,” said Painter.
Her kids, aged 21 and 23, face challenges with housing and employment greater
than those she faced, and she plans to help them out as much as she can.
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Marcia Thomson is embracing her future as she enters her 60s. Photo by Arlen
Redekop /PNG
‘I’M TRYING TO CULTIVATE POSITIVITY’
Concern for the next generation was a refrain that echoed through every
interview with tail-enders.
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Marcia Thomson, who turns 60 this year, said that like many tail-enders, the
minute she finished high school she was ready to launch, thanks to low tuition
rates and the availability of rental housing.
“I never had problems affording university on my own. I never had a problem
affording housing. My kids (aged 24 and 28) sure are.”
A fundraising consultant in the non-profit sector, Thomson was raised by a
single mother. There wasn’t a lot of money, but life was good.
> The only option is hope. And love.
>
> Marcia Thomson, fundraising consultant
“No one could afford holidays or camp, we had a public pool. I never felt poor.
Schools were good, you packed your own lunch. We had independence and sense of
safety — we headed out the door in the morning and didn’t come back.
“We were latchkey kids and it was great. We were happy.”
Thomson benefited from “free-range play,” which studies show builds resilience
and prepares kids to deal with risk, uncertainty, and fallibility in adulthood.
She didn’t spend her childhood preparing for a make-or-break university
application.
“We weren’t expected to be fully formed people at 17, with a wealth of
experience, clearly formulated ideas and the ability to articulate them. I
filled out my application on paper in longhand, in duplicate, and started the
next phase of my life.”
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Thomson has never considered herself a boomer. She is not angry with boomers as
a generation, but said she has felt the burden of their legacy, especially on
the environment.
She is viscerally aware her children were born into a different world. “I don’t
blame a generation, but I can’t believe we’ve known the climate science long
enough to make a change, and we haven’t.”
Thomson said she is embracing her future as she enters her 60s. “The only option
is hope. And love. That means action, and community engagement. I’m trying to
cultivate positivity.”
She plans to keep working because she hopes to continue to make a difference —
and to be a hands-on support for her kids. “To help them live with a good
quality of life, the resources we need to put into that is more than we needed.”
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Rich Topham is a primary caregiver for his mother. Photo by Jason Payne /PNG
‘I FEEL LIKE I’M STILL 40’
Rich Topham, a 60-year-old chartered professional accountant, calls his slice of
the boomer generation “the hangovers after the Super Bowl.”
“I’ve always considered myself to be a baby boomer,” said Topham, who describes
himself as “a guy with traditional values” that reflect an earlier generation.
He knew he would have to work hard for the life he wanted, and he did.
Although he doesn’t consider himself a gen-Xer, Topham does fall squarely into
the tail-end demographic that Margolis said “had to work harder.”
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“It was basically slave labour,” said Topham of his early days as a CPA. “The
accounting exam was a four-day marathon, it was just brutal. Then you worked
whenever you had to, nights, weekends. If you got your ticket, you were well
taken care of, no one questioned it.”
It’s a different work ethic than he sees in kids today.
> You don't know when things might prematurely end. I feel like I'm still 40.
>
> Rich Topham, chartered professional accountant
Topham worked the weekends, and reaped the benefits. He bought a condo in
Vancouver in 1998 — it wasn’t easy, it wasn’t the one he wanted, but it paid off
over time.
Although he doesn’t have kids to worry about, he is a primary caregiver for his
mother, who at 93 is going strong. Helping his parents through their final years
has been “something like a part-time job.” Not that he resents it — far from it.
“It’s not a burden. It’s a responsibility.”
Entering his 60s, Topham plans to retire soon. He wants to enjoy the time he has
left. He’s worked for it.
“You don’t know when things might prematurely end,” said Topham, who is
committed to staying healthy through exercise. “I feel like I’m still 40.”
Although he is uncomfortable with the characterization that boomers “ruined
everything,” Topham believes some of the economic disadvantages young people
face are directly related to policies put in place by governments of the boomer
generation.
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“The financial impact of my generation is terrible. We got the benefits, and the
cost will be downloaded to the next generation. I do feel guilty because the
impact of these policies is not going to affect me.”
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Michael Harstone, with his mountain bike in Vancouver, says he has no plans to
retire. Photo by Arlen Redekop /PNG
‘THERE’S A SENSE OF URGENCY’
Michael Harstone, who turns 60 in April, also sees himself as part of the tail
end of the baby boom, but has no plans to retire.
A partner in a small environmental consulting firm, Harstone grew up on the
North Shore. The public schools he attended felt well-resourced and less crowded
than those his kids go to, but there was less diversity and less choice.
“When I was growing up, the world felt a lot smaller. Your choices were just in
traditional disciplines. I got a degree in engineering, that felt predestined.”
After a few years in the profession, he got disillusioned.
He “dropped off the map” and spent time in Central America. “Travelling
internationally opened my eyes to things I wasn’t aware of, set me on a path to
learn more about my own backyard,” said Harstone. “The work I moved into was
community centred with really strong values underpinning it.”
Harstone is married with three teenage boys, who he describes as “more worldly”
than he was at their age. “The wider world is more accessible to them. Because
of technology, the world is a smaller place.”
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Harstone and his wife focused on paying off their mortgage rather than
travelling. Plans to downsize to fund a retirement have been set aside.
> Baby boomers don't want to age. We want to stay young.
>
> Michael Harstone, partner in an environmental consulting firm
“Once real estate in Vancouver skyrocketed it dawned on us that our kids will
not be able to live in Vancouver: the conversation changed. There is much more
attention and focus on supporting our kids so they have the ability to live in
the city. It’s required us to recalibrate what our retirement would look like:
It’s more family focused. How do we leave our kids a nest egg so they have a
good footing?”
Harstone doesn’t plan to retire as long as he feels he has something to give to
the community. Yet he has been reflecting deeply on the time he has left.
He calls entering his seventh decade “a powerful milestone.”
It’s motivating him to be in the best physical shape of his life.
“As I’ve approached turning 60, all of a sudden there’s a timeline. I enjoy
outdoor pursuits, I’m an active skier and mountain biker. There’s a sense of
urgency to keep physically fit. I figure I’ve got 10 years of adventure left,
one every year. After 70 there is no guarantee.”
To celebrate turning 60, Harstone has a biking trip to the French Alps planned
with a group of other tail-enders.
“Baby boomers don’t want to age. We want to stay young.”
dryan@postmedia.com
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