The name of the new generation born after January 1, 2025, has been revealed to be Gen Beta, officially the world's youngest generation, according to Mark McCrindle, a demographer and social analyst.

Baby boomers (born in 1946 – 1963) are known for their strong work ethic. But along with their continuing exit from the labor market, so it also goes with the high value associated with hard work.

Late baby boomers have endured challenges that have left many economically vulnerable and dependent on parents for help. With their parents dying, they are ending up on the streets in growing numbers.