The statistic shows the anticipated sources of retirement income of Baby Boomers in the United States as of 2016. In that year, U.S. Baby Boomers expected that 40 percent of their expenses in retirement would be covered from personal savings.

In 2019, almost half of the Baby Boomers in the United States were not saving for retirement. Approximately ** percent of the Americans aged between 54 and 72 years old were saving between *** and *** percent of their monthly income. The source did not indicate what percentage of these respondents were already retired.

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

This survey shows the respondents' opinion regarding possible challenges resulting from the retirement of baby boomers in selected workforce segments of the respondents' companies. Some ** percent of respondents felt that the retirement of skilled production workers born between 1946 and 1964 would moderately exacerbate the future talent shortage in U.S. manufacturing. Over the next decade, it is expected that around *** million jobs will need to be filled as a result of baby boomer retirements.

The United States senior living market, valued at $112.93 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 5.86% from 2025 to 2033. This expansion is fueled by several key drivers. The aging population, particularly the baby boomer generation, is a significant factor, creating an increasing demand for assisted living, independent living, memory care, and nursing care facilities. Furthermore, rising disposable incomes and increasing awareness of the benefits of senior living communities contribute to market growth. Technological advancements in senior care, such as telehealth and remote monitoring, are also enhancing the quality of life for residents and boosting market appeal. However, the market faces some restraints, including the rising costs of healthcare and senior care services, potentially limiting accessibility for some segments of the population. Furthermore, staffing shortages within the industry represent a significant challenge. The market is segmented by property type, with assisted living, independent living, and memory care facilities representing the largest segments. Key states driving market growth include New York, Illinois, California, North Carolina, and Washington, reflecting higher concentrations of the senior population and higher disposable incomes. Major players in the market such as Ensign Group Inc, Sunrise Senior Living, Brookdale Senior Living Inc, and Atria Senior Living Inc, compete fiercely, driving innovation and service improvements. The forecast period (2025-2033) anticipates continued growth, driven by the ongoing demographic shifts and increased demand for high-quality senior care options. Strategic partnerships, acquisitions, and investments in technology are likely to shape the competitive landscape in the coming years. The industry will continue to adapt to meet the evolving needs of the aging population, focusing on personalized care, innovative technologies, and cost-effective solutions. This comprehensive report provides an in-depth analysis of the booming United States senior living market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this report is an invaluable resource for investors, industry professionals, and anyone seeking to understand the dynamics of this rapidly evolving sector. The report leverages extensive data analysis to provide insightful projections and uncover key trends shaping the future of senior care in the US. Expect detailed breakdowns of key segments, including assisted living, independent living, memory care, and nursing care, across major states like California, New York, Illinois, North Carolina, and Washington. Recent developments include: July 2023: Spring Cypress senior living site expansion is set to open at the end of 2024 and will consist of three phases. The first phase of the expansion will include 19 independent-living, two-bedroom cottages. The second phase will include 24 townhomes. The third phase will feature 95 apartments. The final phase will feature a resort with several luxury amenities., Apr 2023: For seniors looking for innovative, high-quality care, Avista Senior Living is transitioning away from its SafelyYou partnership to empower safer, more personalized dementia care with real-time, AI video and remote clinical experts 24/7.. Key drivers for this market are: 4., Increase in Aging Population Driving the Market4.; Healthcare and Long-term Care Needs Driving the Market. Potential restraints include: 4., High Affordability and Cost of Care Affecting the Market4.; Staffing and Workforce Challenges Affecting the Market. Notable trends are: Senior Housing Witnessing Increased Demand.

The statistic above provides information about the average retirement age in the United States from 1900 to 2012. Most of the people were about 76 years old when they ended work in 1900, while the generation in 2010 was aged 64. Additional information on the retirement age in the United States Societal changes, technological advancements and domestic social welfare pension policies have all contributed to a general lowering of the average retirement age. Although the average retirement age has remained relatively steady between ** and ** for decades, age demographic disparities are set to threaten the continence of this trend. The retirement age is similarly low in other developed countries subject to the same trend. The average retirement age of workers in the United States and the effect it has on the wider economy and society has become an important focus. In recent years many countries, including the United States, have acknowledged the issue of aging populations and the potential strain this may put on the economy. The danger lies in rising pension payments and gaps in the labor force upon the looming retirement of the so-called baby boom generation born following the Second World War. While there is a commonly accepted consensus that the government should play at least a role in the provision of financial means to retirees, policy action in regard to this growing problem has been minimal. Such an approach will do little to minimize the existing fears held by retirees over payment of basic needs and medical expenses. Perhaps as a response to these concerns, many current workers in the United States expect to continue working in a full or part time capacity upon reaching the retirement age.

Abstract (en): As baby boomers reach retirement age, demographic pressures on public programs may cause policy makers to cut benefits and encourage employment at later ages. But how much demand exists for older workers? This study focuses on a field experiment to determine hiring conditions for women ages 35 to 62 in entry-level or close to entry-level jobs in Boston, Massachusetts and St. Petersburg, Florida. Pairs of computer-randomized resumes were sent to employers in these two cities. Response rates were measured by age, as indicated on each resume by date of high school graduation. Applicants' working history, job choice, certifications, volunteer experience as well as their education and age have been evaluated in this study. Other questions focused on job advertisement and interviewing process. none ICPSR data undergo a confidentiality review and are altered when necessary to limit the risk of disclosure. ICPSR also routinely creates ready-to-go data files along with setups in the major statistical software formats as well as standard codebooks to accompany the data. In addition to these procedures, ICPSR performed the following processing steps for this data collection: Created variable labels and/or value labels.; Performed recodes and/or calculated derived variables.; Checked for undocumented or out-of-range codes.. Response Rates: Massachusetts: 10.3 percent any response, Florida: 11.67 percent any response Firms in the greater Boston, Massachusetts, and St. Petersburg, Florida, areas that advertised for entry-level employment positions between February 2002 and February 2003. Smallest Geographic Unit: state For sampling information, please see: Lahey, Joanna N. "Age, Women, and Hiring: An Experimental Study." Journal of Human Resources 43.1 (2008): 30-56. Funding insitution(s): United States Department of Health and Human Services. National Institutes of Health. National Institute on Aging (T32-AG00186). National Science Foundation (2387480). mixed modeFor contextual information about the variables in the data collection, please see: Lahey, Joanna N. "Age, Women, and Hiring: An Experimental Study." Journal of Human Resources 43.1 (2008): 30-56.

This survey shows the public opinion on the question who is mainly responsible for providing a standard of living for retirees in the U.S. The survey was done in 2011 and gives additional information about the generation of the respondents. ** percent of the Baby Boomers stated that the government is resposible for ensuring retired adults have at least a minimum standard of living.

In 2024, the median age in Maine, the nation’s oldest state, reached 44.9 years. The U.S. state with the lowest median age was Utah, at 32.1 years. Nationwide, the median age has been increasing in recent decades, marking the nation’s aging population. The United States aging population The post-war baby boom, marked by robust birth rates, gave way to lower fertility and mortality rates in subsequent decades. This has shifted the country’s demographic profile. The United States is not alone in this. Aging is now a global trend, reshaping economies and societies alike. Retirement’s uncertain promise Retirement once promised leisure after years of work and saving. That promise is looking less certain as fewer Americans now believe their savings will last them through retirement. Roughly 30 percent of retirees still work for pay, a proportion that has held steady even as optimism has faded. An aging America will force policymakers and citizens alike to confront uncomfortable trade-offs between work, retirement, and the promise of security.

In 2021 and 2022, around ** percent of small and medium-sized Swiss companies agreed with the statement that the retirement of baby boomers will lead to increased vacancies and that those positions will be difficult to fill.

*** in ten of the hospital employees in the United States who left their job in 2024 had less than *** years of service. As Baby Boomers reach retirement, there may be an increase in more tenured staff among the leavers.

There were almost 4.8 million people aged between 30 and 34 in the United Kingdom in 2024, making it the most populous age group in that year. Those aged between 35 and 39 years comprised the next most numerous age group in this year, at over 4.78 million people. Millennials overtake Boomers as biggest generation Post-war demographic trends, particularly the 'baby boom' phenomenon, have significantly influenced the current age distribution in the UK. The postwar peak of live births in 1947 resulted in the dominance of the Baby Boomer generation for several decades, until 2020 when Millennials became the largest generational cohort, surpassing the Boomers for the first time. The following year, the UK Boomer population was then overtaken by Generation X, the generation born between Boomers and Millennials. Generation Z, remained smaller than the three generations that preceded it until 2024 when there were more Gen Zers than Boomers. Aging UK population poses challenges The median age of the UK population is projected to reach 44.5 years by 2050, compared to 34.9 years in 1950. This aging trend is indicative of broader global demographic shifts, with the median age of people worldwide forecasted to increase from 23.6 years in 1950 to 41.9 years by 2100. How countries like the UK manage their aging populations will be one of the key challenges of the next few decades. It is likely the UK's struggling National Health Service (NHS) will come under even more pressure in the coming years. There are also tough economic questions, in particular as more people enter retirement age and the UK's working population gets smaller in relation to it.

In 2019, video media was consumed **** percent of the time by South Korean Millennials and Generation Z. According to the source, the influence of the younger generation on the media landscape was forecasted to increase as they entered society while the baby boom generation approached retirement.

In 2022, the state with the highest median age of its population was Maine at 45.1 years. Utah had the lowest median age at 32.1 years. View the distribution of the U.S. population by ethnicity here.

Additional information on the aging population in the United States

High birth rates during the so-called baby boom years that followed World War II followed by lower fertility and morality rates have left the United States with a serious challenge in the 21st Century. However, the issue of an aging population is certainly not an issue unique to the United States. The age distribution of the global population shows that other parts of the world face a similar issue.

Within the United States, the uneven distribution of populations aged 65 years and over among states offers both major challenges and potential solutions. On the one hand, federal action over the issue may be contentious as other states are set to harbor the costs of elderly care in states such as California and Florida. That said, domestic migration from comparably younger states may help to fill gaps in the workforce left by retirees in others.

Nonetheless, aging population issues are set to gain further prominence in the political and economic decisions made by policymakers regardless of the eventual distribution of America’s elderly. Analysis of the financial concerns of Americans by age shows many young people still decades from retirement hold strong concern over their eventual financial position.