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A Profile of Older Americans: 2002
Future Growth
The
older population will continue to grow significantly in the future
(see Figure 1). This growth slowed somewhat during the 1990's
because of the relatively small number of babies born during the
Great Depression of the 1930's. But the older population will
burgeon between the years 2010 and 2030 when the "baby boom"
generation reaches age 65.
By
2030, there will be about 70 million older persons, more than
twice their number in 2000. People 65+ represented 12.4% of the
population in the year 2000 but are expected to grow to be 20%
of the population by 2030.
Minority
populations are
projected to represent 25.4% of the elderly population in 2030,
up from 16.4% in 2000. Between 1999 and 2030, the white** population
65+ is projected to increase by 81% compared with 219% for older
minorities, including Hispanics (328%), African-Americans** (131%),
American Indians, Eskimos, and Aleuts** (147%), and Asians and
Pacific Islanders** (285%).
Note:
Increments in years are uneven. Based on data from the U.S. Bureau
of the Census
**Excludes
persons of Hispanic origin.
(Sources:
“Projections of the Total Resident Population by 5 Year Age Groups,
Race, and Hispanic Origin with Special Age Categories: Middle
Series, 1999 to 2000,” U.S. Census Internet Release Date: January
13,2000 with "Population Projections of the United States
by Age, Sex, Race and Hispanic Origin: 1995-2050," Current
Population Reports, P25-1130.
Data for 2000 are from the 2000 Census.)
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