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Aging Population Statistics in 2024 for the United States

Written by: Cypress HomeCare Solutions

As American age demographics shift, the need for quality in-home care services continues to grow. In order to meet the needs of the United States’ growing elderly population, home care agencies must innovate services and plan for increasing market demands in the future.

In this article, we’ll discuss America’s aging population statistics ranging from average life expectancy, senior health statistics, and projections for future population aging, examining the increasing preference for aging in place. With comprehensive data from Cypress Home Care, you’ll gain insights into the future of the home care industry in America.

To learn more about the benefits of aging in place with quality home care services, contact Cypress Home Care today.

How many Americans are over 65?

Forty million Americans are now over age 65. For home care agencies, this demographic shift represents an opportunity to provide essential care, ensuring healthy aging at home for an older population.

What is the average life expectancy in America?

Due to advancements in heart disease treatment and other medical breakthroughs, the average life expectancy in the United States has reached 79.9 years. With Americans living for nearly eight decades, the demand for reliable home care services for this age group is higher than ever.

How many Americans will be over 65 by 2040?

By 2040, it is estimated that 1 in 5 Americans will be over the age of 65. This demographic shift calls for improvements and expansion of healthcare and home care services across the country.

Will deaths exceed births in America?

As revealed by recent labor statistics, it is projected that deaths will exceed births in the United States by 2040. For home care agencies, this highlights the importance of expanding and enhancing in-home services to cater to a growing elderly population.

What percentage of adults prefer to age in place?

About 77% of baby boomers and adults over the age of 50 prefer to age in place, opting to remain in their own homes as opposed to relocating to assisted living facilities or nursing homes. This preference highlights the importance of accessible home modifications and in-home care services to accommodate the needs of an aging population.

What percentage of seniors live in poverty?

In 2022, 14.1% of seniors in the United States were living in poverty, up from 10.7% in 2021. This indicates a growing challenge for the home care industry, as more older adults may struggle to afford the care they need. By offering cost-effective care plans and working with government assistance programs, home care agencies can ensure the well-being of low-income older adults.

How many seniors want to live at home?

According to recent data, 92% of adults express a desire to live at home throughout their older ages. As the majority of seniors in America wish to stay in their homes, the home care industry must innovate its services to meet this growing demand.

Sources

“Aging In Place Statistics And Facts In 2024.” Deb Hipp. Forbes Health. May 2, 2024. https://www.forbes.com/health/healthy-aging/aging-in-place-statistics/

“Get the Facts on Older Americans.” National Council on Aging. July 16, 2024. https://www.ncoa.org/article/get-the-facts-on-older-americans

“The Demographic Outlook: 2024 to 2054.” Congressional Budget Office. January 2024. https://www.cbo.gov/publication/59899

“The US Population Is Aging.” Urban Institute. 2024. https://www.urban.org/policy-centers/cross-center-initiatives/program-retirement-policy/projects/data-warehouse/what-future-holds/us-population-aging

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