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A 2023 report from the Schwartz Center for Economic Policy Analysis notes that 20% of adults aged 55 and older struggled with one or more daily activities. Among those, 42% who have difficulty in ...
Between 1966 and 2023, the number of people qualified for Medicare tripled to nearly 65 million, with 10 million seniors and disabled people being added to the system from 2013 to 2023. [161] In the early 2020s, among Americans aged 65 or older, 14% of all expenditures goes to healthcare, compared to 8% for the general population. [55]
However, multi-racial Asian Americans make up the fastest-growing subgroup, with a growth rate of 55%, reflecting the increase of mixed-race marriages in the United States. [ 34 ] [ 35 ] As of 2022 [update] , births to White American mothers remain around 50% of the U.S. total, a decline of 3% compared to 2021. [ 36 ]
Census data indicates roughly 11% of people 65 and older in the US lived in poverty in 2023, down from about 25% in 1976. Still, many people are struggling, and the pressures are only likely to ...
The report notes that 11.2 million older adults spent over 30% of their income on housing in 2021, and only 36.5% of eligible households received federal housing assistance.
The number of older Americans living alone is on the rise. Nearly 16 million people aged 65 and older in the US lived solo in 2022, three times as many who lived alone in that age group in the 1960s.
Bureau of Labor Statistics data found that 18.9% of Americans 65 and older — about 11.4 million people — still work, many for financial or social reasons. Some returned to work after retiring ...
Many older Americans are pleasantly surprised when they receive their first Social Security check. According to a new study from the National Bureau of Economic Research (NBER), people tend to...