Here’s a chart from a new study (via Ritholtz) about the big picture of US demographics. To make a long story short, older people!
The report, titled “America’s Demographic Challenge: Understanding the Role of Immigration“, is all about how aging and population dynamics intersect with ethnic and racial difference. In Minnesota, as in the rest of the country, that’s a big deal. Cities, suburbs, and small towns are rapidly changing and there are a lot of good reasons for those changes.
Here’s how the report describes the chart
Given these trends, it is unsurprising that older Americans have increased as a percent of the total U.S. population. Between2000 and 2016, the population aged 65 and older grew from 12 percent to 15 percent of the total population, and the demographic aged 55 to 64 (the later baby boomers and early Generation X groups) increased from 9 percent to 13 percent.Meanwhile, the prime age group declined from 43 percent to 39 percent of the total population, a trend that was entirely driven by the demographic aged 35 to 44 (late Generation X, also called the “baby bust”), which saw a 4-percentage-point decline over this period—from 16 percent to 12 percent (Figure 2).
And then later, the report focuses in on immigration trends:
Between 2000 and 2016, the population aged 65 and older almost doubled among the foreign-born demographic, but it grew by42 percent among native-born individuals. Similarly, the foreign-born population aged 55 to 64 more than doubled over this span, while the native-born population grew by 69 percent. Regarding younger-aged cohorts, the foreign-born population aged 0to 15 shrunk by 13 percent over this period, while the native-born population grew by 2 percent. However, the foreign-born demographic also has experienced far more robust growth in the prime-age population than its native-born counterpart.
Check out the rest online.