Thursday, May 29, 2008

Aging Population

The population of the United States is aging remarkably slowly. Today 12.4 percent is over age 65 and this actually represents a decrease from 12.6 percent in 1990. In contrast, Japan is experiencing a fairly rapid aging of its population. In 2000, 17.3 percent of the population was age 65+, up from 12.0 percent 10 years earlier. We can expect that the United States will age a little bit faster as the baby boomers (born 1945-1964) reach their golden years, but nothing like Japan.

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