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Aging Statistics

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Baby Boomers Aging Stats

Anyone born from 1946 – 1964 is in the Baby boomer category. I'm smack dab in the middle – 1955... so I think I really relate to boomers both earlier and later than me.

From 1900-1999, the Age 65+ group grew eleven times larger – compared to the entire U.S. Population which grew three times larger. Amazing!

Between 2010 and 2020, the senior group will increase from 39 million to 53 million (that's 14 million more seniors in a ten year period... all needing retirement income and health care).

In the year 2020, 1 in 6 Americans will be seniors.

Future Aging Stats

Go one step further, let's travel to 2050, when it is quite possible to have 82 million seniors! EIGHTY TWO MILLION (that's double 2010 senior headcounts).

Now, 100 years from now, the U.S. Will have approximately 131 million senior persons. That is double the entire US Population in 1940. Yikes!

Why is this happening? 

We are living longer.... in fact, 30 years have been added to the life expectancy of Americans during the 20th century.

Longer lives are great – but that also means you need more income, possibly with a second career or owning a small business; more in savings accounts as it needs to last longer; finally, you will pay health care and insurance premiums longer.

You might already know this, but older women age 65+ outnumber older men by 3 to 2. At age 85+, they outnumber men by 7 to 3.

Ever Wonder why the Senior Men walk with their head down?  They are trying to avoid all the Senior Women out there! Grin!

Millennials Overtake Boomers in Size

In 2016, the Census Bureau released new population figures. Surprised to see  the Millennials have surpassed the Boomer generation!

Millennials (ages 18-34 in 2015) total 75.4 million -- and Boomers are at 74.9 million. AND -- to go a step further, Generation X (ages 35-50 in 2015) is projected to pass the Boomers numbers by 2028.

More Stats:

An Aging Nation (pdf file)

Retirement statistics on aging seniors

Baby boomer generation