The nation’s population of adults aged 65 and older is projected to nearly double by the year 2050, according to the U.S. Census Bureau. Driving the growth are baby boomers – those born from 1946-1964 – who in about 25 years will comprise 21 percent of the population.
Two new Census Bureau reports address the projections. “An Aging Nation: The Older Population in the United States” covers future demographic changes and their impact on the overall population. “The Baby Boom Cohort in the United States: 2012 to 2060” focuses on the structure of the baby boomer population.
Following are some key findings from the reports:
- The population of those age 65 and older is projected to be nearly 40 percent minority in 2050, compared to about 20 percent minority in 2012.
- The 85-and-older population is projected to be about 30 percent minority in 2050, up from 16.3 percent in 2012.
The proportion of the total population of people age 65 and older is projected to increase in all developed countries between 2012 and 2030. While the U.S. population is expected to age during this period, it is projected to remain one of the younger developed countries with 20 percent of its population aged 65 and older in 2030.