Across the Western industrialized world “baby boomers” reach retirement age and this generation, born between 1946 and 1964, in fact deserves its label. They are many and were born into a happy time. Also their countries’ economies boomed recovering and rebuilding after World War II. For the major part of their life, the GDP enjoyed sound growth and paychecks rose from year to year. Work was available in abundance, and many countries called upon foreign workers to fill the shopfloors. Life was pleasant, providing the fruits of small technological revolutions in plastics and electronics.