Current State of Older Adults in the U.S.

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    41.4 million people were 65 and older in the United States on July 1, 2011, up from 40.3 million on April 1, 2010 (Census Day). These older adults accounted for 13.3 percent of the total population.
    92.0 million is the projected population of people 65 and older in 2060. This number will represent just over one in five U.S. residents at that time. Within this group, 18.2 million would be 85 or older.
    $33,118 was the 2011 median income of households with householders 65 and older.
    One-third of older adults relied on Social Security for 90% of their income for older adults in 2010.
    8.7% of the total population of 65 and older lived in poverty in 2011 according to federal poverty levels. This amounted to about 3.6 million older adults.
    75% of all older adult households are economically vulnerable, meaning they would not be able to handle the financial repercussions of a traumatic life event, such as a sudden hospitalization or emergency home repair.
    Wider Opportunities for Women, “Doing Without: Economic Insecurity and Older Americans” No. 2: Gender, March, 2012. Cost of basic expenses is determined by the Wider Opportunities for Women (WOW) US Elder Economic Security Standard™ Index designed by WOW and the Gerontology Institute at the University of Massachusetts Boston.
    One-third of older adult households live month to month.
    16.1% older adults were in the labor force in 2010, an increase of about 4.0% from 1990.
    80.7% of older adult households owned their home outright in 2012.

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