The number of retired workers receiving Social Security benefits increased from approximately ***** million in 2010 to ***** million in 2023. This figure has increased at the same rate year-on-year over the past decade and is likely to continue into the future. What is Social Security? Social Security benefits are payments, which are paid out by the U.S. government to qualified retirees and disabled people, as well as to their spouses, children and survivors. These payments are meant to provide them with partial replacement income. Social security expenditure is forecast to increase year-on-year over the next decade, as it has since the beginning of the 21st century. The impact of demographic change This is likely to the fact that the U.S. population is aging rapidly, which means that seniors will account for a greater proportion of the population in the future. This demographic change will put pressure on government resources, because the workforce whose tax dollars pay for social benefits will make up a smaller percentage of the population than now. Americans who are 65 years and older are the demographic group estimated to grow the most over the next 40 years, whereas the other groups will mostly remain the same.

From 1999 through to 2024, the number of retirees working after their retirement stayed at or below 30 percent, aside from 2004, 2009, and 2018. In these three exceptions, the number of retirees working for pay in the United States rose above 30 percent.

Retirement Age Men in the United States increased to 66.83 Years in 2025 from 66.67 Years in 2024. This dataset provides - United States Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2016, there were around ***** million people aged 65 and older in the United States. With an increasingly aging population in the United States, this number is expected to increase to about ***** million by 2060.

In 2023, about 17.7 percent of the American population was 65 years old or over; an increase from the last few years and a figure which is expected to reach 22.8 percent by 2050. This is a significant increase from 1950, when only eight percent of the population was 65 or over. A rapidly aging population In recent years, the aging population of the United States has come into focus as a cause for concern, as the nature of work and retirement is expected to change to keep up. If a population is expected to live longer than the generations before, the economy will have to change as well to fulfill the needs of the citizens. In addition, the birth rate in the U.S. has been falling over the last 20 years, meaning that there are not as many young people to replace the individuals leaving the workforce. The future population It’s not only the American population that is aging -- the global population is, too. By 2025, the median age of the global workforce is expected to be 39.6 years, up from 33.8 years in 1990. Additionally, it is projected that there will be over three million people worldwide aged 100 years and over by 2050.

In 2024, 50 percent of U.S. citizens who were 60 years old or older had some type of retirement savings. This information can be interpreted by the number of people in that age group without any retirement savings, which amounted to 50 percent. The share of individuals with retirement savings was lower in the younger age groups, and among adults from 18 to 29 years old, just ** had retirement savings.

Retirement Age Women in the United States increased to 66.83 Years in 2025 from 66.67 Years in 2024. This dataset provides - United States Retirement Age Women - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Number of Businesses statistics on the Retirement Communities industry in the US

This dataset provides values for RETIREMENT AGE MEN reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

United States CSI: Savings: Adequate Retirement Income Probability: Mean data was reported at 34.500 % in May 2018. This records a decrease from the previous number of 36.800 % for Apr 2018. United States CSI: Savings: Adequate Retirement Income Probability: Mean data is updated monthly, averaging 34.800 % from Dec 1997 (Median) to May 2018, with 246 observations. The data reached an all-time high of 39.400 % in Oct 2001 and a record low of 29.900 % in Oct 1999. United States CSI: Savings: Adequate Retirement Income Probability: Mean data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H026: Consumer Sentiment Index: Savings & Retirement. The question was: What do you think the chances are that when you retire, your income from Social Security and job pensions will be adequate to maintain your living standards?

Graph and download economic data for Population ages 65 and above for the United States (SPPOP65UPTOZSUSA) from 1960 to 2024 about 65-years +, population, and USA.

Roughly ** percent of Americans had household retirement savings reaching ******* U.S. dollars or more by the end of 2023. Meanwhile, eight percent of respondents stated to not have any household retirement savings at all. The share of people with retirement savings ranging from 100,000 to ******* U.S. dollars has decreased between 2020 and 2023.

United States CSI: Savings: Adequate Retirement Income Probability: 100% data was reported at 8.000 % in Aug 2018. This records an increase from the previous number of 6.000 % for Jul 2018. United States CSI: Savings: Adequate Retirement Income Probability: 100% data is updated monthly, averaging 4.000 % from Dec 1997 (Median) to Aug 2018, with 249 observations. The data reached an all-time high of 8.000 % in Aug 2018 and a record low of 1.000 % in Jul 1999. United States CSI: Savings: Adequate Retirement Income Probability: 100% data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H029: Consumer Sentiment Index: Savings & Retirement. The question was: What do you think the chances are that when you retire, your income from Social Security and job pensions will be adequate to maintain your living standards?

United States CSI: Savings: Adequate Retirement Income Probability: 0% data was reported at 24.000 % in Aug 2018. This records an increase from the previous number of 20.000 % for Jul 2018. United States CSI: Savings: Adequate Retirement Income Probability: 0% data is updated monthly, averaging 19.000 % from Dec 1997 (Median) to Aug 2018, with 249 observations. The data reached an all-time high of 28.000 % in Dec 1997 and a record low of 13.000 % in Oct 2002. United States CSI: Savings: Adequate Retirement Income Probability: 0% data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H029: Consumer Sentiment Index: Savings & Retirement. The question was: What do you think the chances are that when you retire, your income from Social Security and job pensions will be adequate to maintain your living standards?

Number of Businesses statistics on the Retirement & Pension Plans industry in the US

United States CSI: Savings: Adequate Retirement Income Probability: Don’t Know data was reported at 0.000 % in May 2018. This records a decrease from the previous number of 1.000 % for Apr 2018. United States CSI: Savings: Adequate Retirement Income Probability: Don’t Know data is updated monthly, averaging 2.000 % from Dec 1997 (Median) to May 2018, with 246 observations. The data reached an all-time high of 7.000 % in Feb 2001 and a record low of 0.000 % in May 2018. United States CSI: Savings: Adequate Retirement Income Probability: Don’t Know data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H026: Consumer Sentiment Index: Savings & Retirement. The question was: What do you think the chances are that when you retire, your income from Social Security and job pensions will be adequate to maintain your living standards?

Graph and download economic data for Income Before Taxes: Social Security, Private & Government Retirement by Number of Earners: Single Consumers, One Earner (CXURETIRINCLB0703M) from 1984 to 2023 about social, retirement, social assistance, tax, government, consumer, private, income, and USA.

The Retirement & Pension Plans industry plays a crucial role in providing financial security and stability to individuals in their retirement years. Shifting demographics, government regulations and advancements in technology are changing the industry. In response to these changes, the industry is focusing on offering more flexible and personalized retirement plans to meet the unique needs of different segments of the population. Over the past five years, the industry has increasingly experienced the baby boomer generation retiring and beginning to withdraw funds from their retirement and pension plans, hindering the industry's revenue. Overall, over the past five years, industry revenue has fallen at a CAGR of 16.2% to $449.5 billion, including an expected climb of 2.9% in 2025 alone, when profit is expected to drop significantly and comprise 3.5% of revenue in the same year. The industry experienced a decline as the population aged and a greater number of individuals were entering their retirement years and withdrawing funds from their retirement accounts. The number of adults aged 65 and older has climbed during the current period and will continue to climb, resulting in a greater number of individuals entering retirement. In addition, the implementation of new technology has streamlined the administration of retirement plans and improved the overall experience for both employees and employers. There is a growing trend towards offering more personalized and flexible retirement plans, such as defined contribution plans, to meet the specific needs of different segments of the population. Defined contribution plans have helped reduce costs for employers, gaining popularity over the past five years. Looking forward, the industry will likely continue to focus on offering more flexible and personalized retirement plans and improving the overall experience for employees and employers. The use of new technologies will help satisfy the needs of plan holders. Industry revenue is forecasted to grow at a CAGR of 0.3% to $457.2 billion over the five years to 2030.

Graph and download economic data for Consumer Unit Characteristics: Number of Consumer Units by Occupation: Retired (CXUCONSUNITLB1209M) from 1984 to 2023 about retirement, consumer unit, occupation, and USA.