Wednesday, December 08, 2021

Big Increase in Number of Householders 55-Plus

Between 2000 and 2021, the number of households headed by older Americans (people aged 55 or older) grew by an enormous 65 percent, according to the Census Bureau. This was more than double the 24 percent rise in total households during those years. In contrast, the number of households headed by the middle-aged (people aged 35 to 54) fell 3 percent, largely due to the small Generation X filling the age group. The number of households headed by young adults (people under age 35) increased 9 percent during those years.

Number of households by age of householder, 2021 and 2000 (numbers in 000s)
2021   2000   % change
Total households   129,931      104,705       24.1%
Young adults (under 35)     26,139        24,487         9.5%
Middle aged (35-54     43,769        44,882        -3.2%
Older (55-plus)     60,024        35,336        65.1%

Today, older Americans head nearly half (46 percent) of the nation's households, up from about one-third of households (34 percent) in 2000. 

Percent distribution of households by age of householder, 2021 and 2000
2021 2000   pp change
Total households    100.0%    100.0%         —
Young adults (under 35)      20.1      23.4       -3.3
Middle-aged (35-54)      33.7      42.9       -9.2
Older (55-plus)      46.2      33.7       12.5

Source: Demo Memo analysis of the Census Bureau's Historical Households Tables 

No comments:

Post a Comment