Tuesday, October 01, 2019

50% Increase in Householders Aged 65 to 74

Since 2010, the number of households headed by people aged 65 to 74 has expanded by 50 percent, according to the Census Bureau's Current Population Survey. This increase accounts for most of the decade's household growth—6.5 million of the 11.0 million increase in households between 2010 and 2019. The number of households headed by people aged 55 to 64 and 75-plus also grew faster than average. Householders aged 55 or older now head nearly half (45 percent) of the nation's households, up from 39 percent in 2010.

Three age groups lost households between 2010 and 2019. The biggest loss occurred among 45-to-54-year-olds. There were 2.8 million fewer householders aged 45 to 54 in 2019 than in 2010 as the small Generation X passed through the age group.

Numerical (and percent) change in households by age of householder, 2010 to 2019
Total households: 11,041,000 (9.4%)
Under age 25:           –34,000 (–0.5%)
Aged 25 to 34:       1,354,000 (7.0%)
Aged 35 to 44:        –149,000 (–0.7%)
Aged 45 to 54:      –2,800,000 (–11.3%)
Aged 55 to 64:        3,785,000 (18.6%)
Aged 65 to 74:        6,517,000 (49.5%)
Aged 75-plus:         2,369,000 (19.6%)

Source: Census Bureau, Current Population Survey Income Data Tables

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