This is a guest post from RentCafe.com, a nationwide apartment search website.
America’s older population is growing at a very fast pace, and today’s demographics look substantially different than they did only a decade ago. In fact, U.S. Census data shows more than 22% of the current population is over the age of 60.
The overall aging of the population is not merely an outcome of the economic hardship following the 2007 Great Recession, reflected in declining birth rates, but also a result of the baby boom cohort, America’s largest living adult generation, passing age 53 in 2017. Advances in healthcare and technology have also helped to spur longevity.