seniors statistics

Did you know May is Older Americans Month? In honor of the month the Census bureau released some interesting info about seniors as a market in the U.S.

  • 41.4 million people were 65 and older in the United States as of July 1, 2011, up from 40.3 million on April 1, 2010 (Census Day).
  • In 2011, seniors accounted for 13.3 percent the total population.
  • By 2060, the population of people 65 and older is projected to reach 92.0 million.
  • Seniors would account for slightly more than one in five U.S. residents at that time. Of this number, 18.2 million would be 85 or older.
  • By 2060, the youngest Baby Boomers will be 96 years old, and there will be 2.4 million baby boomers left.
  • In 2056, for the first time, the population 65 and older would outnumber people younger than 18 in the U.S.
  • In 2050, nearly 17 percent of the global population will be 65 and older, up from 8 percent today.
  • In Europe, people 65 and older have outnumbered those younger than 15 since 2005.
  • 16.2 percent of people 65 and older were in the labor force in 2011, up from 12.1 percent in 1990. These older workers numbered 6.5 million in 2010, up from 3.8 million in 1990.
  • 44.3 percent of those work full-time, year-round.
  • 58 percent of people 65 and older were married in 2012. 26 percent were widowed.
  • 80.7 percent of those 65 and older owned their homes as of fourth quarter 2012.
  • Florida has the highest senior population of any state, with 17.6 percent
  • of its population 65 and older in 2011.