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Older Americans Month: May 2008

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3/11/08 (6:03 p.m.) A meeting with the National Council of Senior Citizens resulted in President John F. Kennedy designating May 1963 as Senior Citizens Month, encouraging the nation to pay tribute in some way to older people across the country. In 1980, President Jimmy Carter's proclamation changed the name to Older Americans Month, a time to celebrate those 65 and older through ceremonies, events and public recognition.
 

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37.3 million
The number of people 65 and older in the United States on July 1, 2006. This age group accounted for 12 percent of the total population. Between 2005 and 2006, this age group increased by 473,000 people. Source: Population estimates <http://www.census.gov/Press-Release/www/releases/archives/population/010048.html>

86.7 million
Projected population of people 65 and older in 2050. People in this age group would comprise  21 percent of the total population at that time. Source: Population projections <http://www.census.gov/Press-Release/www/releases/archives/population/001720.html>

147%
Projected percentage increase in the 65-and-older population between 2000 and 2050. By comparison, the population as a whole would have increased by only 49 percent during the same period. Source: Population projections <http://www.census.gov/Press-Release/www/releases/archives/population/001720.html>

506 million
Projected 2008 midyear world population 65 and older. Projections indicate
the number will increase to 999 million by 2030. Source: Population projections <http://www.census.gov/ipc/www/idb>

                             Income and Wealth

$27,798
Median 2006 income of households with householders 65 and older, up 3.4 percent, in real terms, from the previous year. Source: Income, Poverty, and Health Insurance Coverage in the United States: 2006 <http://www.census.gov/Press-Release/www/releases/archives/income_wealth/010583.html>

9.4%
Poverty rate for people 65 and older in 2006, down from 10.1 percent in 2005. There were 3.4 million seniors in poverty in 2006, a decline from 3.6 million in 2005. Source: Income, Poverty, and Health Insurance Coverage in the United States: 2006 <http://www.census.gov/Press-Release/www/releases/archives/income_wealth/010583.html>

$190,100
Median net worth for families in 2004 whose head was between 65 and 74. For
those whose head was 75 or older, the corresponding figure was $163,100. Source: Statistical Abstract of the United States: 2008 <http://www.census.gov/compendia/statab/> (Table 699)

                            Serving Our Nation

9.1 million
Estimated number of people 65 and older who are military veterans. Source: 2006 American Community Survey <http://factfinder.census.gov/>

                                   Jobs

5.5 million
Number of people 65 and older who were in the labor force in 2006. Projections indicate that by 2016, the number will reach 10.1 million. Source: Statistical Abstract of the United States: 2008 <http://www.census.gov/compendia/statab/> (Table 570)

23%
Percentage of people 65 to 74 in the labor force in 2006, up from 20 percent in 2000. Source: 2006 American Community Survey at <http://www.census.gov/Press-Release/www/releases/archives/american_community_survey_acs/010601.html>

Some of the highest rates were found in South Dakota, Nebraska and Washington, D.C., all with about one-third of people in this age group in the labor force. Among the 20 largest metro areas, Washington, D.C., had the highest percentage of people in the labor force in this age group (31.8 percent). Others with high percentages include Boston (28.1 percent), Dallas-Fort Worth (27.9 percent), Minneapolis-St. Paul (27.4 percent) and Houston (26.5 percent), none of which was statistically different from the other.

 

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