The United States Is Older Than Ever Before

This week, Craig Siminski, of CMS Retirement Income Planning, shares with us an article discussing a demographic trend that has implications for the economy and government programs like Social Security and Medicare:

The median age of the U.S. population rose to a record high of 38.9 in 2022, primarily because birth rates have declined in recent decades. More women have been going to college and focusing on building careers in their 20s, causing many to marry older and have fewer children.

About one-third of states now have a median age above 40. Maine is the oldest state (44.8), followed by New Hampshire (43.3). Utah (31.9), the District of Columbia (34.8), and Texas (35.5) have the youngest median ages in the nation. The United States is not the only graying society, nor the oldest: The median age in Europe is 44.

Even so, this demographic trend has implications for the U.S. workforce, economic growth, and…

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Craig Siminski is a CERTIFIED FINANCIAL PLANNER™ professional, with more than 25 years of experience. His goal is to provide families, business owners, and their employees with assistance in building their financial freedom.

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