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What is the fastest growing group in the U.S. population? A look at aging demographics

4 min read

According to the U.S. Census Bureau, the population aged 65 and older grew nearly five times faster than the total population between 2010 and 2020. Understanding what is the fastest growing group in the U.S. population is essential for anticipating the future of healthy aging and senior care.

Quick Summary

The group of Americans aged 65 and over is the fastest-growing segment of the population, a trend driven by the aging Baby Boomer generation and increasing longevity.

Key Points

  • Fastest Growing Age Group: The U.S. population aged 65 and older is the fastest-growing age demographic, increasing nearly five times faster than the total population between 2010 and 2020.

  • Baby Boomer Impact: This growth is primarily driven by the aging of the large Baby Boomer generation, who will all be over 65 by 2030.

  • Intensified Healthcare Demands: The aging population, especially the 85+ demographic, leads to a higher demand for chronic disease management, specialized care, and long-term support.

  • Workforce Challenges: There is a significant and growing shortage of healthcare workers, particularly in home health and geriatric specialties, due to increased demand and high turnover.

  • Technology is a Solution: Technology like telehealth, remote monitoring, and assistive devices are increasingly used to help seniors age in place and manage health needs more effectively.

  • Shift in Care Models: The senior care industry is shifting toward more personalized, in-home, and community-centered care options to meet the preferences of older adults.

In This Article

The aging of America: A demographic shift

For the past several decades, the United States has been undergoing a significant demographic transformation. The most recent census data and projections confirm that the population is getting older, and this trend is having a profound effect on various aspects of society, from the healthcare system to the workforce and social support networks. While growth rates differ among various ethnic and racial groups, the most dramatic increase by age group is among older adults, especially the oldest segment.

The aging population by the numbers

To understand the magnitude of this shift, consider some key statistics based on U.S. Census data:

  • The 65+ surge: The population aged 65 and over grew by 38.6% between 2010 and 2020, making it the fastest-growing age group in the country. This contrasts sharply with the much slower growth of the total U.S. population during the same period.
  • The rise of the oldest old: Within the older population, the 85-and-older group is growing even faster. Projections indicate this segment will more than double between 2022 and 2040, reaching 13.7 million. This sub-group is of particular importance to senior care, as they often have more complex and intensive care needs.
  • Baby boomers enter the fold: This growth is largely fueled by the Baby Boomer generation (born 1946-1964) reaching retirement age. By 2030, all Baby Boomers will be 65 or older, a milestone that will place all of them squarely within the oldest age demographic.

Implications for the senior care industry

This swell in the older adult population is reshaping the landscape of senior care. As the number of individuals requiring assistance with daily living and management of chronic conditions rises, so does the demand for a wide range of services. This demographic change affects the healthcare system, social services, and the professional caregiving workforce.

  • Increased demand for services: The aging population requires more healthcare resources, including chronic disease management, rehabilitation services, and hospice care. Home health services are also seeing a significant increase in demand, as more seniors express a desire to age in place.
  • Workforce challenges: The growing demand for caregivers is outpacing the supply of qualified professionals. Shortages are particularly severe for home health aides, personal care workers, and geriatric specialists. The senior care industry is also experiencing high turnover rates, further compounding the staffing issue.
  • Technological innovation: In response to these challenges, technology is playing an increasingly vital role. Innovations such as telehealth, remote patient monitoring, and assistive technologies are helping to bridge the gap in care provision, improve efficiency, and enhance the quality of life for seniors.
  • Financial pressures: The financial costs associated with an aging population, particularly with increased Medicare spending and potential impacts on Social Security, are a significant concern for policymakers and families alike.

Contrasting care needs: 65–74 vs. 85+

Not all older adults have the same needs. A helpful way to understand the changing demands on the senior care system is to compare the needs of the younger-old with the oldest-old.

Feature Ages 65–74 (Young Old) Ages 85+ (Oldest Old)
Health Needs Often active and independent; managing one or two chronic conditions is common. More likely to have multiple complex chronic conditions and require significant medical support.
Living Arrangements Higher likelihood of living with a spouse or partner, and may still live independently. Higher likelihood of living alone or in an assisted living facility; significant need for assistance with daily living.
Family Support Often have a larger network of potential family caregivers, including a spouse and adult children. Smaller network of family caregivers; children may be older themselves and less able to provide intensive care.
Reliance on Services May use outpatient care, preventative screenings, and community programs; less reliance on intensive, long-term care. More reliant on long-term care, home health aides, skilled nursing, and hospice services.

The Future of Senior Care

The demographic shifts underway point to a clear direction for the future of senior care. The trend toward aging in place is likely to continue, driven by personal preference and innovations in home-based support. This will necessitate a robust expansion of in-home services, supported by remote monitoring and telehealth technologies that enable seniors to maintain independence for as long as possible.

Moreover, the industry must address the systemic challenges of workforce shortages. This includes investing in the training and professional development of caregivers, implementing supportive policies for family caregivers, and exploring new models of care delivery. Public-private partnerships, expanded government funding for long-term care, and the integration of technology will be crucial for building a sustainable and responsive senior care ecosystem.

A call to adapt

The growth of the older population is not merely a number—it represents an opportunity and a challenge for society. As policymakers, healthcare providers, and families grapple with the implications, proactive planning and innovative solutions will be essential. Embracing technology, supporting caregivers, and adapting services to meet the evolving needs of older adults will ensure that our communities are prepared to support this important and expanding demographic group.

For more detailed information on older adult demographics, readers can consult resources like the Administration for Community Living’s 2023 Profile of Older Americans. The information presented here highlights the need for thoughtful, forward-looking strategies to support healthy aging for generations to come.

Frequently Asked Questions

The aging population increases the demand for healthcare and social services, creating jobs in these sectors. However, it also puts pressure on programs like Social Security and Medicare due to a smaller worker-to-beneficiary ratio and higher per-capita healthcare costs for older adults.

Home-based care, including personal care assistance, home health aides, and medical support, is experiencing the highest growth in demand due to the increasing preference for aging in place. Demand for specialized services for chronic conditions like dementia is also rising.

Efforts to address the shortage include recruiting and training more healthcare professionals, promoting career growth within the caregiving field, improving working conditions to reduce turnover, and exploring the use of technology to supplement in-person care.

Technology will play a pivotal role by enabling remote monitoring of vital signs, supporting telehealth consultations, and providing assistive devices for daily living. AI and other innovations will help improve personalized care, safety, and operational efficiency.

While older Americans are living longer, most still have at least one chronic condition, and many have multiple. Advancements in medicine and lifestyle have contributed to better overall health, but the aging process still leads to an increase in complex health needs.

The trend toward aging in place is driving increased demand for home modifications and technologies that support living independently. This also fuels the growth of different senior living community models, from independent living to specialized memory care.

The oldest old demographic has more complex care needs, a higher prevalence of chronic conditions, and a greater reliance on formal care services compared to the typically more independent and healthier younger old demographic. The oldest old also tend to have a smaller family support network.

References

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Medical Disclaimer

This content is for informational purposes only and should not replace professional medical advice. Always consult a qualified healthcare provider regarding personal health decisions.