Our country has a varied population, from people from different parts of the world and the varying regions of the U.S., to the individualized cultural oddities and different accents. Another great variation is the vast age differences in this country.
The modern era and the advancements in the medical practice, as well as improved living conditions, have given us a generation that is not only older but by and large one of the oldest generations, leading to one of the greatest generational gaps. The gap between Millennials and the Baby Boomers is huge! In fact, the fastest growing age group is 85 years and up.
Now, when we talk about the most “Rapidly Aging States,” you might immediately think of Florida. But you would be mistaken. Florida is one of the states with the largest elderly populations, a title it shares with Maine, West Virginia, Vermont, Pennsylvania, Montana, Delaware, Hawaii, Oregon, and Arizona. While a few of these states do overlap with our list below, it is important to note that our list is just measuring the greatest increases in 65+ population percentages per state over the past decade.
Getting older is an unavoidable part of human life and it is something we will all have to face. But what about our current aging population? The Baby Boomers are shifting our population demographics drastically.
By 2060, it is believed that the number of elderly in America will double and the percentage of the population over 65 will reach 24%. Many of these older Americans are still choosing to work after retirement age: By 2022, it is expected that 27% of men and 20% of women over the age of 65 will still continue to be working. On top of all of this is the phenomenon that strikes some parts of the US: stand still populations. Populations that are aging but are missing the corresponding population growth. In some rural areas, as younger people move to build careers and families elsewhere, smaller towns find their populations at a standstill which could, in a few decades, turn to a decline.
If this article has got you thinking about getting older, you might be thinking about how you’d prefer not to be part of that percentage of the elderly who are still working. Installment loans might not be how you want to get through your retirement. If that is the case, why not click here for some tips on saving for your retirement.