ACL Releases 2023 Profile of Older Americans

ACL Releases 2023 Profile of Older Americans

The Administration for Community Living released its 2023 Profile of Older Americans, illustrating the shifting demographics of Americans 65 and older.

  • In 2022, 31.9 million women and 25.9 million men were 65 or older.
  • People 65 and older represented 17.3 percent of the population in 2022. That percentage is expected to grow to 22 percent by 2040.
  • Of older adults 65 and older living in the community, 59 percent lived with their spouse/partner in 2023. About 28 percent lived alone.
  • In 2022, half of all people 65 and older lived in 9 states: California (6.2 million), Florida (4.8 million), Texas (4 million), New York (3.6 million), Pennsylvania (2.5 million), Ohio (2.2 million), Illinois (2.2 million), North Carolina (1.9 million), and Michigan (1.9 million).
  • The 2022 median income of older people was $29,740 ($37,430 for men and $24,630 for women).
  • In 2023, 11.2 million Americans aged 65 and older were in the labor force (working or actively seeking work).

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Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.