U.S. Median Age Hits All-Time High of 38; Record 86,248 Are 100 or Older
The median age of the U.S. population hit an all-time high of 38.0 in 2017, according to data released by the Census Bureau on Thursday.
The number of people in the United States who were 100 years old or older also hit a record in 2017, according to the Census Bureau data, climbing to 86,248. The Census Bureau each year publishes estimates of the median age and year-by-year ages of the U.S. population as of July 1 of the previous year. “The nation as a whole experienced a median age increase from 37.2 years to 38.0 years during the period from 2010 to 2017,” the Census Bureau said in a press release. </snip>
Companies need older workers: here is why
The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to prepare to meet the challenges or adapt to employees’ needs. In the United States, the 65-and-over population will nearly double over the next three decades to 88 million by 2050 from 48 million, according to the U.S. Census Bureau.
By 2024, one in four U.S. workers will be 55 or older, according to the U.S. Department of Labor, more than double the rate in 1994 when 55-plus workers accounted for just 12 percent of the workforce. Many workers will face a financial need to keep working past traditional retirement ages, while others will want to work in order to stay engaged, notes Jonathan Rauch, a senior fellow at the Brookings Institute and author of “The Happiness Curve: Why Life Gets Better After 50.”
“People are getting to their sixties with another 15 years of productive life ahead, and this is turning out to be the most emotionally-rewarding part of life,” Rauch said. “They don’t want to just hang it up and just play golf. That model is wrong.” </snip>