Current:Home > ScamsIn an aging nation, these states are home to the oldest residents on average -Global Capital Summit
In an aging nation, these states are home to the oldest residents on average
View
Date:2025-04-14 23:26:06
The average American retires at age 62— not old enough to qualify for Medicare but still four decades deep in the workforce. As previously reported by USA TODAY, the Transamerica Center for Retirement Studies found a five-year gap, 67 and 62, between when older workers expect to retire vs when they actually retire.
Older Americans who are retired or nearing retirement—those 65 and older—make up 18% of the population, a total of 62 million adults, according to the U.S. Census Bureau.
Where does America's retired population live in the U.S.? Census Bureau data gives insight into where older generations call home:
Which states are home to the oldest and youngest populations?
Maine is home to the oldest population on average, followed by Puerto Rico, New Hampshire, Vermont, West Virginia and Florida.
The median age group in Maine is 45.1— 43.9 for men and 46.4 for women. Although mid 40's is not nearly close to the standard 'retirement age,' it's about 6 years older than the median age of all Americans, according to Census Bureau data.
Utah is home to the youngest population on average, with the average man aged 31.4 and the average woman aged 32.7.
Maine and Florida home to large population of baby boomers
Between 2000 and 2020, the population of Americans 65 and older increased in every state, according to the Census Bureau. This population is largest in Maine, Florida, West Virginia, and Vermont, with over 20% of the residents identifying as 65 and older.
While a growing number of retirement-aged folks moved to Maine, it is still home to a large share of life-long residents who have aged in place, according to the Washington Post.
Meanwhile Florida, home to the second-largest elderly population percentage, has a large share of retirees who were born elsewhere.
Migration across the US:New Yorkers are the No.1 movers to Florida. Find out why.
Retiring in the U.S.:Think you'll work past 70? Good luck. Why most of us retire earlier.
veryGood! (28988)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Jeremy Renner has undergone 'countless hours' of 'every type of therapy' since snowplow accident
- Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%
- Mary Fitzgerald Shares Update on Her and Romain Bonnet's Baby Journey After Septic Miscarriage
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- 2 demonstrators die in Panama during latest protests over Canadian company’s mining contract
- Jeremy Allen White Reveals the Story Behind His Comment on Alexa Demie's Lingerie Photo Shoot
- Dean McDermott Packs on the PDA With Lily Calo Amid Tori Spelling's New Romance
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Indonesia’ sentences another former minister to 15 years for graft over internet tower project
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Former Meta engineering leader to testify before Congress on Instagram’s harms to teens
- WeWork files for bankruptcy years after office-sharing company was valued at $47 billion
- Syphilis among newborns continues to rise. Pregnant moms need treatment, CDC says
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Senator proposes plan that lifts nuclear moratorium and requires new oversight rules
- Oregon GOP senators who boycotted Legislature file federal lawsuit in new effort to seek reelection
- Nevada judge tosses teachers union-backed petition to put A’s stadium funding on 2024 ballot
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Man charged in shooting over Spanish conquistador statue appeals detention order pending trial
Why Michael Strahan Has Been MIA From Good Morning America
The FDA is sounding the alarm about contaminated eye drops. Here's what consumers should know.
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Fantasy football start 'em, sit 'em: 16 players to start or sit in Week 10
Feds seize 10 million doses of illegal drugs, including pills designed to look like heart-shaped candy, in Massachusetts
Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%