Eleven percent of the population in large American cities, on average, are in the 55-to-64 age group, and many of them are at the peak of their earning power, SmartAsset reports in a new study.
Some 17% of big-city households in this age bracket make $200,000 or more — "high income," according to Internal Revenue Service standards. They contribute to local taxes and, with considerable discretionary income to spare, to local business.
People in this age range are also more likely than younger Americans to rely on professional financial advice, recent Gallup data shows.
For the study, SmartAsset researchers compared the population of people aged 55 through 64 to the total population in 317 cities in order to determine the rate of presumed pre-retirees. Data came from the U.S. Census Bureau 1-Year American Community Survey for 2024 for 317 cities that had full data available.
Researchers considered median income and the portion of households earning more than $200,000 for the age bracket that includes households aged 45 to 64.
See the accompanying gallery for the 12 U.S. cities with the largest population of people 55 to 64 as a percentage of the total population.
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