Key Takeaways
- In 2023, the global population aged 65 and over reached 761 million, representing 9.7% of the world's total population.
- By 2050, one in six people in the world will be over age 65, up from one in 11 in 2019.
- In the United States, the number of adults aged 65+ is projected to reach 83 million by 2050, nearly double from 2012.
- In 2023, 10.1% of US seniors lived in poverty.
- The median income for US households headed by 65+ was $50,290 in 2022.
- 52% of US seniors receive Social Security as their primary income source in 2023.
- 28.7% of US adults 65+ have diagnosed diabetes in 2022.
- 10.6% of US seniors have Alzheimer's or related dementia in 2023.
- 75% of US seniors have at least one chronic condition in 2022.
- 54% of US seniors live in suburban areas in 2022.
- 28% of US seniors live alone in 2023.
- Median home value for senior-owned homes in US is $285,000 in 2022.
- 62% of US seniors use smartphones daily in 2023.
- 45% of US seniors aged 65+ own smart home devices in 2023.
- 73% of seniors use the internet in 2023 US.
Global senior populations are rapidly rising and facing varied economic and health challenges.
Economic Indicators
- In 2023, 10.1% of US seniors lived in poverty.
- The median income for US households headed by 65+ was $50,290 in 2022.
- 52% of US seniors receive Social Security as their primary income source in 2023.
- Average Social Security benefit for retired workers was $1,827 monthly in 2023.
- 25% of seniors aged 65+ in the US have no retirement savings in 2022.
- Homeownership rate among US seniors is 80.4% in 2022.
- Median net worth of senior households in US is $410,000 in 2022.
- 14% of US seniors worked part-time or full-time in 2023.
- Globally, 15% of seniors live in poverty, varying by region in 2022.
- In the EU, average pension replacement rate is 58.2% for men and 62.1% for women in 2022.
- US seniors' healthcare spending averages $12,619 annually in 2022.
- 78% of seniors have Medicare coverage in the US in 2023.
- Retirement account balances average $88,400 for ages 65-74 in 2022 US.
- 41% of seniors worry about affording long-term care in 2023.
- In Japan, senior poverty rate is 19.7% in 2022.
- UK state pension is £203.85 weekly for full new state pension in 2023.
- 67% of US seniors have debt, averaging $60,000 in 2022.
- In Canada, average senior income is CAD 32,400 in 2021.
- 72% of US seniors rely on Social Security for 50%+ of income in 2023.
Economic Indicators Interpretation
Health Statistics
- 28.7% of US adults 65+ have diagnosed diabetes in 2022.
- 10.6% of US seniors have Alzheimer's or related dementia in 2023.
- 75% of US seniors have at least one chronic condition in 2022.
- Average life expectancy for US women 65+ is 20.8 additional years in 2021.
- 16% of US seniors report depression symptoms in 2023.
- 50.5% of US seniors are up to date on vaccinations like flu in 2022.
- Globally, 15% of seniors have mobility limitations in 2022.
- In the US, 32% of seniors fall annually, leading to 3 million ER visits.
- 81% of US nursing home residents are women in 2023.
- Heart disease is the leading cause of death for US seniors, 23% of deaths in 2022.
- 37% of US seniors have arthritis, affecting 54 million adults.
- Cancer incidence rate for ages 65+ is 1,909 per 100,000 in US 2020.
- 9.2% of US seniors smoke cigarettes in 2022.
- Obesity rate among US seniors is 28.8% in 2022.
- 58% of US seniors get recommended physical activity levels in 2023.
- Hearing loss affects 1 in 3 US seniors over 65 in 2023.
- Vision impairment in 4.2% of US seniors aged 65+ in 2022.
- 85% of US seniors take prescription medications daily in 2023.
- Osteoporosis affects 12.6% of US adults 50+ in 2022.
Health Statistics Interpretation
Housing and Living
- 54% of US seniors live in suburban areas in 2022.
- 28% of US seniors live alone in 2023.
- Median home value for senior-owned homes in US is $285,000 in 2022.
- 4% of US seniors are homeless on any given night in 2023 estimates.
- 80% of seniors prefer to age in place in their communities.
- In the US, 1.3 million seniors live in nursing homes in 2022.
- 35% of seniors need home modifications for aging in place in 2023.
- Rural seniors in US are 20% more likely to live alone than urban.
- 15% of US seniors move after age 65, mostly locally.
- Assisted living facilities house 1 million US seniors in 2023.
- 68% of seniors own their homes free and clear in 2022 US.
- Multigenerational living increased 271% for seniors since 2007 in US.
- In EU, 40% of seniors live alone in 2022.
- Senior housing waitlists average 12 months in US urban areas 2023.
- 22% of US seniors report housing cost burdens over 30% income.
- Continuing Care Retirement Communities serve 650,000 seniors in US 2023.
- In Canada, 7% of seniors live in collective dwellings like residences.
- UK has 500,000 seniors in care homes in 2023.
- 45% of US seniors age 75+ live alone.
Housing and Living Interpretation
Population Demographics
- In 2023, the global population aged 65 and over reached 761 million, representing 9.7% of the world's total population.
- By 2050, one in six people in the world will be over age 65, up from one in 11 in 2019.
- In the United States, the number of adults aged 65+ is projected to reach 83 million by 2050, nearly double from 2012.
- Women outnumber men in the 65+ age group globally by a ratio of 1.2:1 as of 2022.
- The fastest-growing segment of the senior population is those aged 85+, expected to triple by 2060 in the US.
- In Europe, 21.6% of the population was aged 65+ in 2023.
- Japan's senior population (65+) constitutes 29% of its total population in 2023.
- In China, over 200 million people were aged 60+ in 2023, accounting for 14.9% of the population.
- The US senior population grew by 38% from 2010 to 2020.
- Globally, the number of centenarians (100+) increased to 573,000 in 2020.
- In 2022, 56.8 million Americans were aged 65+, or 17.3% of the population.
- Life expectancy at birth reached 73.4 years globally in 2023, with seniors contributing to longevity trends.
- In India, the 60+ population was 138 million in 2021, projected to 319 million by 2050.
- Canada's senior population (65+) was 19% in 2023.
- In Australia, 16.6% of the population was 65+ in 2022.
- Brazil's 65+ population grew to 10.9% in 2022.
- In South Korea, seniors (65+) reached 18.6% of population in 2023.
- Germany's 65+ population is 22.3% as of 2023.
- In the UK, 18.6% were 65+ in 2022.
- France's senior share (65+) is 21% in 2023.
Population Demographics Interpretation
Technology Adoption
- 62% of US seniors use smartphones daily in 2023.
- 45% of US seniors aged 65+ own smart home devices in 2023.
- 73% of seniors use the internet in 2023 US.
- 32% of US seniors use social media daily in 2023.
- Telehealth usage among US seniors rose to 37% in 2022.
- 26% of seniors video chat weekly with family in 2023.
- 55% of US seniors 65-74 use email daily, 38% for 75+.
- Online banking used by 71% of US seniors in 2023.
- 40% of seniors shop online weekly in US 2023.
- Wearable tech adoption by seniors is 20% in 2023 US.
- 68% of seniors stream video content like Netflix monthly.
- Voice assistants like Alexa used by 24% of US seniors 2023.
- 15% of seniors use ride-sharing apps like Uber monthly.
- Tablet ownership among US seniors is 49% in 2023.
- 29% of seniors play online games in 2023.
- Email is the top internet activity for 89% of seniors.
- 52% of US seniors get news online in 2023.
- Smartwatch usage for health tracking by 18% seniors.
- 61% of seniors comfortable with AI assistance in 2023.
- Podcast listening by 22% of US seniors weekly.
- 77% of US seniors 65+ have cell phones, 96% landlines less.
- 77% of US seniors 65+ have cell phones, 96% landlines less.
Technology Adoption Interpretation
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