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Annual ‘Profile of Older Americans’ released

The annual summary of the latest statistics on the older population, “A Profile of Older Americans: 2016,” is now available. The profile covers 15 areas including population, income and poverty, living arrangements, education, health, and caregiving.  The web-based publication has proven to be a useful statistical summary in a user-friendly format. Highlights include:

  • The population 65 and over increased from 36.6 million in 2005 to 47.8 million in 2015 (a 30 percent increase) and is projected to more than double to 98 million in 2060.
  • The 85+ population is projected to triple from 6.3 million in 2015 to 14.6 million in 2040.
  • Racial and ethnic minority populations have increased from 6.7 million in 2005 (18 percent of the older adult population) to 10.6 million in 2015 (22 percent of older adults) and are projected to increase to 21.1 million in 2030 (28 percent of older adults).
  • Almost half of older women (46 percent) age 75+ live alone.
  • The median income of older persons in 2015 was $31,372 for males and $18,250 for females.
  • The major sources of income reported by older persons in 2014 were Social Security (reported by 84 percent), income from assets (reported by 62 percent), earnings (reported by 29 percent), private pensions (reported by 37 percent), and government employee pensions (reported by 16 percent).
  • Social Security constituted 90 percent or more of the income received by 33 percent of beneficiaries in 2014.

Principal sources of data for the profile are the U.S. Census Bureau, the National Center for Health Statistics and the Bureau of Labor Statistics.

Access profile