Briefing
The Living Arrangements of Older Households
Abstract: n the past century, the share of the U.S. population aged 65 or older has more than tripled, rising from 4.7 percent in 1920 to 16.8 percent in 2020.1 This trend has been driven by both longer life expectancies and declining birth rates. In addition to having profound consequences for labor markets and government finances, an aging population will likely have substantial effects on housing markets. In this article, we document how the living arrangements of older households (those 65 or older) have changed over the past 50 years and discuss some of their potential implications.
Keywords: Household behavior; elderly; aging demographics;
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https://www.richmondfed.org/publications/research/economic_brief/2024/eb_24-33
Description: Briefing
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2024-10
Volume: 24
Issue: 33