Tuesday, September 01, 2020

50% Increase in Householders Aged 65 to 74

The nation's households are increasingly top heavy. Between 2010 and 2019, the number of households headed by people aged 55 or older grew 28 percent. Households headed by people aged 65 to 74, an age group filling with Boomers, expanded by 50 percent...

Number of households by age of householder, 2010 and 2019 (numbers in 000s)

    2019    2010    percent change
Total households      128,579      117,538          9.4%
Under age 35        26,810        25,490          5.2%
Aged 35 to 54        43,441        46,390         -6.4%
Aged 55 or older         58,328        45,657        27.8%
  Aged 55 to 64        24,172        20,387        18.6%
  Aged 65 to 74        19,681        13,164        49.5%
  Aged 75 or older        14,475        12,106        19.6%

Between 2010 and 2019, the number of households headed by younger adults (under age 35) increased by just 5 percent. Households headed by the middle-aged (35 to 54) fell 6 percent because the small Generation X is in the age group.

Source: Census Bureau, 2019 Current Population Survey

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