2023 Statistics on America's Aging Population

June 18, 2024

The Administration for Community Living's 2023 Profile of Older Americans is out, showcasing important trends and demographics for those aged 65 and older. Here are some key highlights:

In 2022, there were 31.9 million women and 25.9 million men aged 65+
This age group represented 17.3% of the population in 2022, expected to grow to 22% by 2040
59% of older adults lived with a spouse/partner, while 28% lived alone in 2023
Half of the older population lived in just 9 states, with California, Florida, and Texas leading
The 2022 median income was $29,740 ($37,430 for men and $24,630 for women)
In 2023, 11.2 million older Americans were part of the labor force

Read the full report to gain understanding the needs and contributions of our aging population.

Category: Reverse Market News

Viewed 2403 times |  Print

Plaza NMLS 2113

This information is provided by Plaza Home Mortgage, Inc. as a courtesy to its mortgage professional clients and the public and is meant for instructional purposes only. None of the information provided is intended to be legal advice in any context. Plaza does not guarantee, warrant, ensure or promise that information provided is accurate. Terms and conditions of programs and guidelines are subject to change at any time without notice. Lender is not acting on behalf of or affiliated with any government agency. Products or services described are not authored, approved, or endorsed by HUD, FHA, the government of the United States, or any federal, state, or local government agency. Any unauthorized use or distribution of this information is strictly prohibited. This is not a commitment to lend. ® 2025 Plaza Home Mortgage, Inc. Plaza Home Mortgage and the Plaza Home Mortgage logo are registered trademarks of Plaza Home Mortgage, Inc. All other trademarks are the property of their respective owners. All rights reserved. Plaza Home Mortgage, Inc. is an Equal Housing Lender. Plaza NMLS 2113 NMLS consumer access