America has 73 million people that belong to the Baby Boom generation. By 2030, all boomers will be aged at least 65, while the number of seniors in the United States will outnumber children for the first time in the country’s history.
According to the U.S. Census Bureau, there will be 78 million senior Americans and 76.4 million children and teens by 2035. By then, one in five Americans will be an older adult.
The agency estimates that the population would become more racially diverse, because the older people to die off will be white. In a recent statement, Census Bureau said that the number of deaths will skyrocket between 2020 and 2050 as the population is getting older.
The bureau estimates that international migration will gradually replace the dying population. Migration will also become the top trigger for population growth in decades to come even though the number of immigrants is projected to remain constant.
Seniors to Outnumber Children as Population Grows Older
An aging population means that there will be fewer working age adults and more retirement age adults. Census Bureau estimates that by the next decade, there will be 3½ workers for every retiree. By 2060, the ratio will be 2½ employees for one retirement-age person.
This scenario could put a heavy strain on Medicare and Social Security as the funding will become scarce. Today, around 15 percent of the U.S. population is aged 65 or older, while in some states and counties that number can be even higher.
Also, by 2060, the population is expected to jump to 404 million from today’s levels (326 million). By 2050, the Census Bureau expects the U.S. population to hit the 400-million milestone.
The bureau also found that the population growth will slow down in the next years. By 2030, America will add 2.3 million people every year. From 2030 to 2040, that number is expected to go down to 1.8 million annually, and fall even further to 1.5 million after 2040.
Image Source: Freestockphotos
Latest posts by Anne-Marie Jackson (see all)
- SF Hospital Slaps New Parents with $19K Bill for Baby Treatment - Mar 16, 2019
- Furious Trump Blasts Harley-Davidson for Moving Production Overseas - Mar 16, 2019
- Warning! MRI Machines Could Poison You - Mar 16, 2019