Robert Gibbs, president and CEO of Gibbs Planning Group Robert Gibbs, president and CEO of Gibbs Planning Group

ATLANTA—Empty nesters transitioning into senior citizens is becoming one of the largest demographic transitions in US history. How big is this group?

The population change for seniors, who are defined in this context as 55-plus, is higher than the percentage change for the US population, according to ESRI. That's telling but let's break it down further.

Seniors today represent 25.2% of the US population. This is expected to increase to almost 27.6% by 2016 and is up from just 21% in 2000. In 2000, the median age in the United States was 35.3 years, according to ESRI. By 2010, this number had increased to 37.1 years.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.