3 Did You Knows – Retirement Fun Facts

Jan 11, 2024 | Articles

Millennials were the largest generation group in the U.S. in 2022, with an estimated population of 72.24 million. Born between 1981 and 1996, millennials recently surpassed baby boomers as the biggest group, and they will continue to be a major part of the population for many years. Source: Statista 2023
2024 marks a major demographic and retirement planning milestone for America. Called Peak 65, more Americans will reach the traditional retirement age of 65 in the same year than at any time in history. Sources: Investor’s Business Daily & US Census Bureau
According to the U.S. Census Bureau’s population projections, about 12,000 people will turn 65 every day in 2024. That’s about 4.4 million total in 2024. And by 2030, all boomers — those born from 1946 through 1964 — will be 65 or older. This means one in every five Americans will have reached the traditional retirement age. Sources: Investor’s Business Daily & US Census Bureau

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