In less than two decades, retirees are expected to outnumber children in the United States for the first time in history, according to a newly released report by the Census Bureau, which noted that the findings had implications for government programs like Social Security.
The report projects that by 2035, there will be 78 million adults over the age of 65, compared to 76.4 million children under 18. Its authors attribute the demographic shift to declining fertility rates and aging baby boomers. By 2030, all baby boomers will have turned 65, and 1 in 5 Americans are expected to be older adults. The gap between older adults and kids is expected to widen further: By 2060, the report projects that there will be 95 million adults over 65, compared to 80 million kids under 18.