In the next decade the census bureau expects the population will increase by 18.6 million. 15.3 million of that will be those 65 and older.
Massive Wave of Boomer Retirement Underway
The first chart highlights the current wave of boomer retirements. Covid and a soaring stock market is goosing the trend.
Population Totals
Age Group Percentages
Census Bureau Projections For 2022
The above stats from Census Bureau Projects U.S. and World Populations on New Year’s Day.
Looking ahead to the next decade the percentage of those 60 and over will rise from 23.29% to 25.93%.
Meanwhile, the prime working age population age 20-59 declines from 52.06% to 50.75%.
And this is happening with public union pension plans severely stressed despite huge stock market gains.
This article was originally published by MishTalk.
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