The portion of the U.S. population that is over the age of 75 is growing exceptionally fast, with data from the federal government showing this population segment grew from 27.5 million in 2024 to 28.6 million in 2025 — a 4% year-over-year increase.
Americans generally know that the population distribution is increasingly top-heavy, but the deeper implications of this profound demographic evolution aren't necessarily well-appreciated by the average American, including the question of where this segment of the population will live and what their lifestyles will be.
Access to affordable, senior-friendly living spaces is already at a premium, according to a new analysis published by the Colcom Group, a consulting and accounting firm, and current trends suggest the challenge will worsen in the years ahead. This will put added strain on retirees, their families and society writ large.
As the report details, the 80-and-older population is growing even faster, currently at 4% to 6% annually. This rate consistently exceeds the senior housing inventory growth of approximately 2% to 3%, creating a widening demand-supply gap that industry experts project will persist through 2030 and beyond.
There is some good news to be found, however, including what the report describes as a "remarkable recovery" in the senior living industry from pandemic-period disruptions.
Overall, the report concludes, aging baby boomers face a mixed bag when it comes to finding places to live and securing adequate levels of care and support.
See the slideshow for a review of highlights from the Colcom Group's new report.
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