The Senior Population Is Now Outpacing That of Babies and Young Children

For the first time in history, senior citizens outnumber young children. A New York Post article points out that there are now more people aged 65 and older than children 5 and under worldwide, according to a new report by the U.S. Census Bureau.

The United States is currently ranked as the 48th oldest country in the world, with 18.9 percent of its population aged 65 or older. That figure is expected to climb to 23.4 percent by 2060.

The trend is not unique to the United States. The article notes that the “world’s total population is expected to rise from 8.13 billion to 10.23 billion by 2060, meaning one in five people on Earth will be over 65.”

This shows that it’s more important than ever to shore up Social Security, as the retiree population will continue to grow in coming years.

The Seniors Trust is committed to improving the well-being of older Americans. We are doing that financially by encouraging lawmakers to enact the Social Security Expansion Act. This landmark piece of legislation will give retirees an immediate increase of about $200 a month in benefits, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.