2023 ACL Profile of Older Americans: A Look at Demographics, Finances, and More
The American population is getting older, and a new report sheds light on this growing trend. The Administration for Community Living (ACL) recently released the 2023 Profile of Older Americans, a comprehensive look at the demographics, living situations, and economic status of adults 65 and over. The report at a glance…
Demographics: As of 2022, over 57 million Americans were 65 or older, with women outnumbering men in that age group. This segment of the population is expected to reach a staggering 22% by 2040, highlighting the need for programs and services tailored to their needs.
Living Arrangements: The majority (59%) of older adults live with a spouse or partner, while roughly 28% live alone. Interestingly, compared to the younger population, older adults tend to stay put, with only 3% relocating in 2020-2021.
Financial Landscape: The median income for older adults in 2022 was $29,740, with a disparity between men ($37,430) and women ($24,630).
Workforce Participation: Despite stereotypes about retirement, a significant portion (11.2 million) of older adults remain active in the workforce, either working or actively seeking employment.
Looking Deeper:
The ACL’s Profile provides a wealth of data beyond these highlights. You can explore the full report (available in PDF format) for detailed information on various topics, including:
- Geographical distribution of older adults across the United States, with states like Maine and Florida having a higher concentration.
- Educational attainment among older adults, showcasing a significant rise in high school completion rates over the past few decades.
- Health-related statistics that can inform planning for healthcare services for this growing demographic.
The Road Ahead:
The data presented by the ACL paints a clear picture: America’s population is aging. Understanding this demographic shift is crucial for policymakers, healthcare professionals, and anyone with an interest in the future of our society. The information in the Profile can be used to develop programs that support healthy aging, ensure financial security for older adults, and promote their continued participation in the workforce and their communities.
Explore the Data:
For a deeper dive into the 2023 Profile of Older Americans, you can access the full report, data tables, and graphics (all in downloadable formats) through the links provided below.