Aging and Residential Facts and Figures

  • By 2030, about one in five Americans will be older than 65
  • The common retirement age in the United States for baby boomers is 67 years’ old
  • Americans who age in place are predominantly homeowners who do not want to sell their property
  • About 55% of older homeowners have lived at the same address for 20 or more years
  • 47% of older adults in the suburbs are aged 75 or older, and of that, 82% are likely to be homeowners
  • The age requirement for full Social Security benefits is 66 years’ old
  • In 2010, 54% of homeowners age 55-64 were still paying mortgage debt on their homes
  • In the United States, researchers estimate that about 44 million people age 18 and older were unpaid caregivers to an adult family member or friend (age 50 years or older)
  • There are 1.4 million individuals living in nursing homes in the United Sates
  • The Medicaid program (funded jointly by the federal and state governments) covers the occupancy and care costs of nearly two-thirds of older nursing home residents

Sources: 

Aging in the Right Place, by Stephen Golant, Ph.D.
Centers for Disease Control and Prevention
Associate Press (LifeGoesStrong.com survey)
www.history.com

Additional Resources: