The Oldest Counties in Every State
According to U.S. Census Bureau projections, retirement-age adults will outnumber Americans under age 18 by 2035 for the first time in history. The aging of the U.S. population is driven by a falling birth rate and long-term improvements in life expectancy. While these demographic shifts are novel on a national scale, in many parts of the country, they are nothing new.
The median age in the United States is 38 years and is projected to hit 43 years as early as 2060. Age demographics vary considerably by region, and in every state, there are counties where the median age already exceeds Census Bureau’s 2060 projection. 24/7 Tempo reviewed median age by county using data from the U.S. Census Bureau’s 2017 American Community Survey to identify the oldest county in every state.
As the population ages, the United States will face new economic and public policy challenges. These challenges include increased health care, social security, and pension expenditures, with fewer workers to foot the bill. Not all states will be able to deal with those challenges well. As social and environmental factors vary by region, so too does the quality of life of elderly Americans – these are the worst states to grow old in.
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Tags: retirement, Seniors
| Seven in ten pre-retirees plan to work past the median age of 65; while 37% of retirees’ decision who opted for this approach was based to address post-retirement health care risks and financial management needs in retirement.
In a report by the Society of Actuaries (SOA), “2013 Risks and Process of Retirement Survey,” provides insights on how Americans decide to retire and how they manage resources in retirement.
The survey's findings include:
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Question: Will pro-longing retirement help seniors save money for post-retirement health care risks and financial management needs?
Tags: retirement, pre retirees, Society of Actuaries, Life Planning Strategies, Boomer Market, Senior Market