Millennials were the largest generation group in the United States in 2024, with an estimated population of ***** million. Born between 1981 and 1996, Millennials recently surpassed Baby Boomers as the biggest group, and they will continue to be a major part of the population for many years. The rise of Generation Alpha Generation Alpha is the most recent to have been named, and many group members will not be able to remember a time before smartphones and social media. As of 2024, the oldest Generation Alpha members were still only aging into adolescents. However, the group already makes up around ***** percent of the U.S. population, and they are said to be the most racially and ethnically diverse of all the generation groups. Boomers vs. Millennials The number of Baby Boomers, whose generation was defined by the boom in births following the Second World War, has fallen by around ***** million since 2010. However, they remain the second-largest generation group, and aging Boomers are contributing to steady increases in the median age of the population. Meanwhile, the Millennial generation continues to grow, and one reason for this is the increasing number of young immigrants arriving in the United States.

The statistic shows the number of people in the U.S. in 2011 and 2030, by generation. By 2030, the Millennial generation will have 78 million people whereas the Boomer generation will only have 56 million people in the United States.

As of 2023, there were approximately 13.57 million members of the Baby Boomer generation in the United Kingdom, ranging from the ages of 59 to 77. The most-common single year of age for Baby Boomers in this year was 59, at 915,735, while there were 521,896 who were 77, the least common year of age.

In 2024, Millennials were the largest generation group in the United States, making up about 21.81 percent of the population. However, Generation Z was not far behind, with Gen Z accounting for around 20.81 percent of the population in that year.

In 2024, there were approximately ** million millennials in the United Kingdom, making it the largest generational cohort at that time. Millennials surpassed the Baby Boomer generation as the largest generation for the first time in 2019. The two youngest generations, Gen Z and Gen Alpha, numbered approximately **** million, and ****million respectively. Gen X are, as of the most recent year, the second-largest generation in the UK at ** million people. The population born before the end of the Second World War in mid-1945 was just over **** million in this year. Post-War Baby Boom The baby boomer generation was the largest generation for much of this period due to the spike in births that happened after the Second World War. In 1947, for example, there were over *** million live births in the United Kingdom, compared with just ******* live births just thirty years later in 1977. Members of this generation are typically the parents of millennials, and were the driving force behind the countercultural movement of the 1960s, due to their large numbers relative to older generations at the time. The next generational cohort after Boomers are Generation X, born between 1965 and 1980. This generation had fewer members than the Boomer generation for most of its existence, and only became larger than it in 2021. Millennials and Gen Z As of 2024, the most common single year of age in the United Kingdom was 33, with approximately ******* people this age. Furthermore, people aged between 30 and 34 were the most numerous age group in this year, at almost *** million people. As of 2024, people in this age group were Millennials, the large generation who came of age in the late 1990s and early 2000s. Many members of this generation entered the workforce following the 2008 financial crash, and suffered through high levels of unemployment during the early 2010s. The generation that followed Millennials, Generation Z, have also experienced tough socio-economic conditions recently, with key formative years dominated by the COVID-19 pandemic, climate change, and an increasingly unstable geopolitical situation.

ZIP codes with the highest number of Early Baby Boomer home purchases in 2024.

ZIP codes with the highest number of Late Baby Boomer home purchases in 2024.

Income quintiles are assigned based on equivalized household disposable income, which takes into account differences in household size and composition using a method proposed by the Organization for Economic Co-operation and Development (OECD). The OECD-modified" equivalence scale assigns a value of 1 to the first adult Age groups refer to the age group of the major income earner. Housing tenure of household Refers to the main source of income for the household, either from wages and salaries, self-employment income, net property income, current transfers received related to pension benefits, or from other current transfers received from non-pension related sources (others). Distributions by generation are defined as follows and are based on the birth year of the major income earner : pre-1946 for those born before 1946, baby boom for those born between 1946 and 1964, generation X for those born between 1965 and 1980 and millennials for those born after 1980. Note that generation Z has been combined with the millennial generation as their sample size is relatively small.

In 2020, *** million Baby Boomers - those born between 1946 and 1964 - went into retirement in the United States, more than in prior years. From 2012 to the third quarter of 2020, **** million Baby Boomers have retired in the United States.

Graph and download economic data for Not in Labor Force - With No Disability, 65 Years and over (LNU05075379) from Jun 2008 to Aug 2025 about 65 years +, disability, labor force, labor, household survey, and USA.

Drug Use By Age

This directory contains data behind the story How Baby Boomers Get High. It covers 13 drugs across 17 age groups.

Source: National Survey on Drug Use and Health from the Substance Abuse and Mental Health Data Archive.

Owing to the increasing number of elderly “baby boomers” in Japan, the number of cancer patients is also expected to increase. Approximately 2 million baby boomers from nearby local areas are residing in metropolitan areas; hence, the geographical distribution of cancer patients will probably markedly change. We assessed the expected number of breast cancer (BC) patients in different regions (urban, outer city, town, rural) using estimates of the nation’s population and Kanagawa Cancer Registry data. To estimate future BC incidence for each region, we multiplied the 2010 rate by the predicted female population for each region according to age group. The incidence cases of BC in those aged ≥65 years is expected to increase in all areas; in particular, compared to rates in 2010, the BC incidence in urban areas was predicted to increase by 82.6% in 2035 and 102.2% in 2040. Although the incidence in all BC cases in urban areas showed an increasing trend, until peaking in 2040 (increasing 31.2% from 2010), the number of BC patients would continue to decrease in other areas. The number of BC patients per capita BC specialist was 64.3 patients in 2010; this value would increase from 59.3 in 2010 to 77.7 in 2040 in urban areas, but would decrease in other areas. Our findings suggest that the number of elderly BC patients is expected to increase rapidly in urban areas and that the demand for BC treatment would increase in the elderly population in urban areas.

This feature layer is the clipped Census Tracts of the City of Redlands. It is enriched with data from ESRI 2023.Enriched fields include:Education levels (High School/No Diploma, High School Diploma, GED, Some College/No Degree, Associate's Degree, Bachelor's Degree, and Grad/Professional Degree)Total HouseholdsHousing Affordability IndexMedian and Average Home ValueMedian and Average Household IncomeOccupationsGenerations (Generation Z, Millennial, Generation X, and Baby Boomer)Total PopulationHousehold PopulationPopulation Density2020-2023 Growth Rate: PopulationDaytime Population (Workers and Residents)Hispanic and Non-Hispanic groupsDominant Tapestry (lifestyles)Senior and Age 0-4 PopulationPersons with DisabilityHouseholds with 0 CarsHouseholds with Income Below Poverty LevelHave a Working Cell Phone Total Crime IndexHouseholds with No Internet AccessHousehold with Food Stamps/SNAPWorking, Professional, and Service Classes *calculated by adding associated occupations then dividing by employed 16+ civilian population number field and multiplying by 100.Employed 16+ Civilian Population (number and percentage)

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Aged Care Market 2024-2028

The aged care market size is estimated to grow at a CAGR of 5.72% between 2023 and 2028. The market size is forecast to increase by USD 343.71 million. The accelerated growth of the market is due to various factors, including the rising demand for aged care services, the aging baby boomer population, and the rising adoption of eco-friendly and sustainable practices in aged care facilities.

The report offers extensive research analysis on the Aged Care Market, with a categorization based on Service, including home care, institutional care, and adult day care. It further segments the market by Type, encompassing public and private. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.

What will be the Size of the Aged Care Market During the Forecast Period?

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Aged Care Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Aged Care Market Driver

One of the key factors driving the aged care market growth is the aging Baby Boomer population. One of the most significant demographic trends across the world in the current scenario includes the growing population of individuals aged 65 years and older. In addition, baby boomers are individuals born between 1946 and 1964. Therefore, as the number of retired Baby Boomers who are aging increases, there will be an increase in the need for nursing care.

Moreover, the obesity rate among elderly people is on the rise, which has resulted in more people facing the risk of disability and chronic diseases. Therefore, in such cases, it becomes challenging for family members to take care of their older family members. Hence, old age communities are suitable options for a comfortable and healthy life as they offer assisted living options along with certified nursing care. Thus, such factors are positively impacting the market which in turn drives the market growth during the forecast period.

Key Aged Care Market Trends

A key factor shaping the aged care market growth is the technological advancements in aged care. There are several technological advancements in the e global aged care market, especially in the integration of telemedicine, wearable devices, and smart home solutions. In addition, these innovations are revolutionizing the delivery of care for aged people, empowering them to access enhanced medical support and personalized assistance while fostering independence and overall well-being.

Moreover, the widespread adoption of telemedicine is fuelling the growth of technological advances in aged care. In addition, healthcare providers are leveraging telemedicine to offer remote medical consultations, monitor chronic health conditions, and deliver timely interventions to aged people, irrespective of their geographical location. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.

Key Aged Care Market Challenge

Low savings of Baby Boomers are one of the key challenges hindering the aged care market growth. There is a growing number of Baby Boomers retiring each day. However, most of them do not have enough retirement funds. In addition, several individuals in the age bracket of 50-70 years lack proper retirement planning, which results in little effort to secure a comfortable life after retirement.

Moreover, the lack of adequate retirement funds will hinder investments in home care facilities, as even basic old age or aged care homes require substantial initial investments. In addition, limited financial knowledge poses a challenge in terms of the criticality of savings, especially for emergency or retirement funding. Hence, such factors are negatively affecting the market which in turn hinders the market growth during the forecast period.

Aged Care Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Aged Care Market Customer Landscape

Who are the Major Aged Care Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launch

Aging in Place Renovation Service Market size was valued at USD 78.12 Billion in 2024 and is projected to reach USD 115.42 Billion by 2032, growing at a CAGR of 5% during the forecast period. i.e., 2026-2032.Global Aging in Place Renovation Service Market DriversThe market drivers for the aging in place renovation service market can be influenced by various factors. These may include:Demographic Shift: The baby boomer generation is reaching retirement age in unprecedented numbers, creating a large population of seniors who prefer to remain in their homes rather than move to assisted living facilities. This demographic trend drives sustained demand for home modification services.Cost-Effective Alternative to Institutional Care: Home renovations for aging in place cost significantly less than nursing home or assisted living expenses. Families find that investing in accessibility modifications provides long-term financial benefits while allowing seniors to maintain independence in familiar surroundings.

New census data on age and sex show that as of May 15, 2001, the median age of Canada's population reached an all-time high of 37.6 years, an increase of 2.3 years from 35.3 in 1996. This was the biggest census-to-census increase in a century. Median age is the point where exactly one-half of the population is older, and the other half is younger. The nation's median age has been rising steadily since the end of the baby boom in 1966, when it was only 25.4 years. Nova Scotia and Quebec were the nation's oldest provinces, each with a median age of 38.8 years. Alberta was the youngest with a median age of 35.0. The group to increase at the fastest pace was that aged 80 and over. From 1991 to 2001, their numbers soared 41.2% to 932,000. The number of people aged 80 or over is expected to increase an additional 43% from 2001 to 2011, during which time it will surpass an estimated 1.3 million. At the same time, Canada has undergone a substantial decline in the number of children aged four and under. In 2001, the census counted 1.7 million children in this age group, down 11.0% from 1991, the result mostly of Canada's declining fertility rate. By 2011, this group may decline to an estimated 1.6 million.

New census data on age and sex show that as of May 15, 2001, the median age of Canada's population reached an all-time high of 37.6 years, an increase of 2.3 years from 35.3 in 1996. This was the biggest census-to-census increase in a century. Median age is the point where exactly one-half of the population is older, and the other half is younger. The nation's median age has been rising steadily since the end of the baby boom in 1966, when it was only 25.4 years. Nova Scotia and Quebec were the nation's oldest provinces, each with a median age of 38.8 years. Alberta was the youngest with a median age of 35.0. The group to increase at the fastest pace was that aged 80 and over. From 1991 to 2001, their numbers soared 41.2% to 932,000. The number of people aged 80 or over is expected to increase an additional 43% from 2001 to 2011, during which time it will surpass an estimated 1.3 million. At the same time, Canada has undergone a substantial decline in the number of children aged four and under. In 2001, the census counted 1.7 million children in this age group, down 11.0% from 1991, the result mostly of Canada's declining fertility rate. By 2011, this group may decline to an estimated 1.6 million.

The number of baby boomer headed households is expected to peak at ***** million households in 2028, according to data from Harvard University. Generation X is projected to become the fastest growing generation of homeowners in the United States.

Recreational vehicle dealers have performed well through most of the current period, supported by torrid pandemic-era growth. In particular, RV sales soared in 2020 and 2021 as RV travel represented a safe mode of travel, leisure and entertainment. Similarly, rebounding consumer confidence and strong disposable income growth in 2023 and 2024 have contributed to steady revenue growth, particularly in higher-margin segments. Also, baby boomers, one of the industry's primary markets, are entering retirement and increasingly buying RVs and motorhomes. Better healthcare has enabled these older generations to stay in the market for longer. Overall, revenue has skyrocketed at an expected CAGR of 4.6% to $52.1 billion through the current period, including a 1.0% jump in 2025, where profit reached 3.8%. Strong growth bracketed poor underlying conditions in 2022, where skyrocketing interest rates and plummeting consumer confidence threatened most key consumer markets. Similarly, higher oil and gasoline prices made operating an RV more expensive, while higher manufacturing costs led to higher purchasing costs for dealers, threatening profit. RV shipments have also declined following the pandemic, though buyers have prioritized more expensive models with added amenities. Many RV dealers have supplied high-end, customizable RVs to balance lower sales volumes with higher per-unit returns. While the financial position of the baby boomer demographic remains unclear, the group's high retirement numbers offer a broad and expanding market for RV dealers. RVs will also likely grow more popular among younger demographics, particularly as dealers introduce upgraded models and cleaner, eco-friendly vehicles. Similarly, increased ecotourism trends will entice more RV travel across all demographics. Dealers that can capitalize on shifting trends and offer websites and other online services may attract a wider consumer base. Overall, stronger economic conditions following the pandemic will create stable growth. Revenue will improve at an expected CAGR of 2.0% to $57.6 billion, where profit will settle at 3.7%.

There were over 15 million millennials in the United Kingdom in 2024. This generation, sometimes called Generation Y were born between 1981 and 1996 and are mainly the children of the post-war Baby Boomer generation. As of 2023, Millennials were the largest generational cohort in the UK, followed by Generation X at 14.04 million people, Baby Boomers at 13.57 million, and then by Generation Z at 13.2 million. The most numerous single-year of age for Millennials, and the UK as a whole, was 35 at 956,116. Boomerang generation The first cohort of millennials came of age at the turn of the century and have almost certainly been heavily influenced by the growth of internet accessibility during this time. The economic challenges faced by this generation may have a relation to the increasing share of young adults who live with their parents in the UK. This has led to the perhaps unfair, characterization of millennials as the boomerang generation, who failed to grow-up and mature. Some of these negative stereotypes regarding Millennials have since shifted to the next youngest generation, Generation Z, who have started to enter the workplace since the mid-2010s. Generation Remain One of the main challenges that British millennials currently face are their prospects after Brexit. Although the United Kingdom voted to leave the European Union in June 2016, there were clear divisions between regions, classes and age-groups. Most millennials voted to remain in the Brexit referendum with 73 percent of people aged 18 to 24, and 62 percent of those aged 25 to 34 voting to remain. In the next UK election, the majority of 25 to 49-year-olds intend to vote for the Labour Party, with only a slight majority of those over 65 planning to vote for the Conservative Party. Millennials also still appear to oppose Brexit, with approximately 65 percent of 25 to 49-year-olds believing Brexit to have been the wrong decision.