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MetLife Mature Market Institute

Quick Look at Facts About Senior Citizens Available Online

April 10, 2005 - The Mature Market Institute has recently published a Demographic Profile focusing on American’s 65 and older. Relying on a number of sources for data, the MetLife division has produced an interesting graphic presentation.

The Institute, staffed by gerontologists, provides research, training and education, consultation and information to support MetLife, its corporate customers and business partners. It is the company’s information and policy resource center on issues related to aging, long-term care, retirement, and

The Institute commissions studies and polls, working with academic institutions and independent research organizations to analyze trends and patterns related to the aging of America and its application to business.

For a list of all their available studies – Click Here

Here are some of their fast facts:

Older Americans born 1939 and earlier

• 65-75 born 1929-1939 – 19,890,612

• 76-85 born 1919-1928 – 12,024,034

• 85+ born 1918 and earlier – 4,071,236

Total number 65 & up – 35,986,082

• Represents 12.6% of the total population, or about 1 in 8 people

• 42% Male (15,117,585)

• 58% Female (20,868,497)

• Those 85+ were 1.5% of the population in 2000, and by 2050 will be almost 5% of the total U.S. population.

• The “oldest old,” those aged 85 and over, are the most rapidly growing elderly age group, growing 274% between 1960 and 1994.

• By 2030, the 65+ population will more than double to about 71.5 Million, and by 2050 will grow to 86.7 Million.

(Based on 2004 projections)

Source: Demographic Profile. Mature Market Institute, MetLife - Click (pdf)

 

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