Not only will seniors constitute the largest population segment over the next 20 years, they control 70% of the nation’s wealth. Here are some additional facts about the 55+ population from the U.S. Census Bureau:
- One in eight people aged 65 and over (12.5% of the age segment) was either working or looking for work in 2002. Among the 60-64 age segment, 57% were working or looking for work.
- Older Americans are well educated. In 2002, three-fourths of those aged 55 and older had high school diplomas. Of those aged 55-64, 31% of men and 22% of women had bachelor’s degrees or additional education.
- In 2002, six in 10 people age 55 and older were married and living with their spouses.
Take heed: If you are not providing housing for older Americans, you will be. The NAHB Seniors Housing Council provides members with ongoing information and trends on this niche market segment and the most popular amenities for 55 and older buyers.
For additional information, contact the council at 800-368-5242 x8220 or e-mail Eucklan Matthews-Jones.
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