Cost allocation base. Cost allocation base is the variable that is used for allocating/assigning costs in different cost pools to different cost objects. A good cost allocation base is something which is an appropriate cost driver for a particular cost pool.ost allocation base. Cost allocation base is the variable that is used for allocating/assigning costs in different cost pools to different cost objects. A good cost allocation base is something which is an appropriate cost driver for a particular cost pool.
Baby boomers are those people born worldwide between 1946 and 1964, the time frame most commonly used to define them. The first baby boomers reached the standard retirement age of 65 in 2011. There are about 76 million boomers in the U.S., representing about 29 percent of the population.
Whenthe Baby-Boom generation begins turning age 65 in 2011, there willbe a rapid growth in the number of persons 65 and over. Just as thisgeneration had an impact on the educational system and the labormarket, this large cohort will strain services and programs required byan elderly population. By 2020, the Baby Boomers will be pre-andearly-retirement ages (55 to 64 years) and the young old ages (65 to74 years). Between 1990 and 2020, the population age 65 to 74would grow 74 percent under middle series projections, while thepopulation under age 65 would increase only 24 percent.