The Administration for Community Living (ACL) released its annual Summary of Statistics on Older Adults. The summary uses data from the U.S. Census Bureau, the National Center for Health Statistics, and the Bureau of Labor Statistics. The report includes changing demographics of Americans aged 65 and older and includes key topic areas, such as population growth, income, living arrangements, employment and health.
Per ACL, highlights from the report include:
- People 65+ are expected to represent 22% of the population by 2040
- Of older adults living in the community, 60% lived with their spouse/partner in 2021. About 27% lived alone.
- In 2021, 10.6 million Americans age 65+ were in the labor force (working or actively seeking work)
- Between 1970 and 2021, the percentage of older persons who had completed high school rose from 28% to 89%
- From 2020 to 2021, only 3% of older adults moved residence, as opposed to 10% of the population below age 65
The full report is available here.