Lehigh Valley Economic Development Corp.’s Post

As of recent estimates, about 7-8% of the U.S. population is aged 76 and older. This demographic is part of the broader category of "older adults" who are generally defined as individuals aged 65 and over, making up about 17% of the total U.S. population. For a more specific percentage of those exactly over 76 years old, you'd need to look at more granular age breakdowns from recent Census data or estimates from sources like the U.S. Census Bureau's American Community Survey.

The U.S. Census Bureau released data showing that from April 1, 2020, to July 1, 2023, nearly all of the nation's 387 metro areas saw an increase in the 65+ population. This growth contrasts with the decline in the child population in many regions. As the baby boomer generation continues to age, the older adult population across the nation’s metro areas can expect continued growth. Read the report: https://hubs.la/Q02NwzGk0

The U.S. Census Bureau released data showing that from April 1, 2020, to July 1, 2023, nearly all of the nation's 387 metro areas saw an increase in the 65+ population. This growth contrasts with the decline in the child population in many regions. As the baby boomer generation continues to age, the older adult population across the nation’s metro areas can expect continued growth. Read the report: https://hubs.la/Q02JK6Y00

The U.S. Census Bureau released data showing that from April 1, 2020, to July 1, 2023, nearly all of the nation's 387 metro areas saw an increase in the 65+ population. This growth contrasts with the decline in the child population in many regions. As the baby boomer generation continues to age, the older adult population across the nation’s metro areas can expect continued growth. Read the report: https://hubs.la/Q02JK6St0

The U.S. Census Bureau released data showing that from April 1, 2020, to July 1, 2023, nearly all of the nation's 387 metro areas saw an increase in the 65+ population. This growth contrasts with the decline in the child population in many regions. As the baby boomer generation continues to age, the older adult population across the nation’s metro areas can expect continued growth. Read the report: https://hubs.la/Q02JJVxt0

The U.S. Census Bureau released data showing that from April 1, 2020, to July 1, 2023, nearly all of the nation's 387 metro areas saw an increase in the 65+ population. This growth contrasts with the decline in the child population in many regions. As the baby boomer generation continues to age, the older adult population across the nation’s metro areas can expect continued growth. Read the report: https://hubs.la/Q02JJZy30

The U.S. Census Bureau released data showing that from April 1, 2020, to July 1, 2023, nearly all of the nation's 387 metro areas saw an increase in the 65+ population. This growth contrasts with the decline in the child population in many regions. As the baby boomer generation continues to age, the older adult population across the nation’s metro areas can expect continued growth. Read the report: https://hubs.la/Q02JJWYw0

The U.S. Census reports population growth in Detroit for the first time in 66 years!! The population jumped from 631,366 (2022) to 633,218 (2023). This new growth is a testament to the ongoing vibrancy and exciting developments that have been apparent in Detroit. Read the full story here: https://lnkd.in/gZHaB49X

Allen County continues to buck Midwestern trends with strong growth in 2023. According to data released Thursday by the U.S. Census Bureau, Allen County’s population grew by 2,901 residents (0.74%) for the year, four times the annual population growth rate (0.18%) in the Midwest. Allen County’s growth rate also outpaced the state (0.44%) and nation (0.49%); its population now stands at 394,545 residents. Read more at https://buff.ly/3ThGK1x

The U.S. Census Bureau released their county level population growth data last week for 2023. I keep a close eye on this data set each year as it is a critical indicator of migration, demographic shifts, and housing demand. A few key highlights from the recent release: 1. Sunbelt metros continue to dominate the growth rankings, as all of the top 10 counties are in Texas, Florida or Arizona. 2. Outmigration remains heaviest in large gateway markets, including New York, Chicago and LA, but the declines are slowing compared to recent years. San Francisco county actually posted a modest gain in population after a number of years of outmigration. 3. The fastest gains on a percentage basis are in suburban and rural counties of rapidly expanding markets like Dallas, Houston and Atlanta. Stay tuned over the next few weeks. I'll continue to break down the release and what it means for #multifamily. Radix