Towards a transformative demographic milestone

Towards a transformative demographic milestone

The 2030s are set to become a transformative decade for the U.S.

When the clock strikes 2030, an important demographic milestone will set upon the U.S. for the first time in its history.

By 2020, there will be about three-and-a-half working-age adults for every retirement-age person.

Aging seniors are set to outrun the young U.S. population, as according to the U.S. Census Bureau, by 2030, all baby boomers will be 65 or older, expanding the size of the older population to the point of having 1 retirement aged person for every 5 residents.

By that year, the U.S. Census Bureau is estimating that there will be 78.0 million people with 65 years or older compared to 76.4 million under the age of 18.

Statistics show 2030 could be the start of a transformative decade for the U.S., as for the next 10 years, from 2030 to 2040, U.S, population is set to face serious environmental risks, slow expansion and political crisis as health conditions force them to age considerably, all the while embracing racial and ethnical diversity across social and labor conditions.

Other highlights of the aging —and soon-to-grow— U.S.A.

Net international migration is projected to overtake natural increase in 2030 as the primary driver of population growth in the United States.

Dependency ratio, which is also known as the ratio of aging adults to working-age adults, is also projected to rise, as according to the U.S. Census Bureau, by 2020, there will be 3 and-a-half working-age adults for every retirement-age person. By 2060, that ratio is most likely to fall two-and-a-half working-age adults for every retirement-age person.

As for the median age of the U.S. population, this is expected to grow to age 43 by 2060, from the 38 estimate we have today in 2018.

Finally, by 2060, U.S. population is expected to blow past the 400 million thresholds, adding over 75 million people to its current 326 million —aging— population force.

Decrease for non-Hispanic Whites

The non-Hispanic White-alone population is projected to shrink over the coming decades, from 199 million in 2020 to 179 million in 2060 — even as the U.S. population continues to grow.

Such decline is caused by falling birth rates and a rising number of deaths over time among non-Hispanic Whites as that population ages.

According to the U.S. Census Bureau information, the Two or More Races population is projected to be the fastest growing over the next several decades, followed by single-race Asians and Hispanics of any race.

2018-04-17T17:13:20+00:00

About the Author:

Pablo Hernandez
Community Manager and Senior Reporter for CEO Magazine. Write to Pablo at pablo.hernandez@ceo-latam.com
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