Thursday, May 7, 2009

Older Americans Month: Facts and Figures Just Released

May is Older (65+) Americans Month and the Census Bureau has provided us with statistics about this significant group:

As of July 1, 2007, this age group accounted for 13% of the total population (37.9 million).

By 2050 it will make up 20% of the total population.

The 2007 median income level for 65+ was $28,305.  9.7% are poor.  

5.8 million (15%) people 65 and older were still working. 

65% of people 65 and older lived with relatives.

80% of  those 65+ owned their homes compared to 42% of those younger than 35.

For every 100 women over 65, there were 73 men.  

There were more people over 65 living in California than any other state but Florida's percentage of population over 65 was 17% followed by West Virginia at 15.5% and Pennsylvania at 15.2%. 

1 comment:

Diane J Standiford said...

Interesting. I am in assisted living and it is so expensive I will be God knows where in 5 years.
The low interest rates has killed my end of life plans. $%^&