Coleraine is one of Northern Ireland’s ‘baby boomer’ hotspots, it’s been revealed.
Figures show that Coleraine has 13,337 baby boomers, representing more than one fifth - 22.57 per cent of the local population.
Coleraine comes in sixth in the NI list with North Down is the top baby boomer hotspot with almost one in four (24.9%) people living in the area aged between 50 and 68.
The term “baby boomer” relates to the increased birth rate following World War Two and has been defined specifically as the generation born between 1946 and 19641.
As the last of the baby boomer generation turned 50 at the end of 2014, Aegon the pensions and investments provider has marked the occasion with the publication of its Baby Boomer Hotspots Report, which uses official population statistics from more than 400 local authorities to identify the areas of the country with the highest proportion of baby boomers.
David Macmillan, Managing Director at Aegon said: “The Baby Boom was one of the most significant demographic trends of the last century and its effects on society are still being felt today. One of the main features of this group is their economic clout, with much of the nation’s wealth concentrated in the hands of a generation that by in large benefited from stable economic conditions, the rising property and equity values and defined benefit pension provision over the years.”