Senior Demographics
ECONOMIC IMPACT OF SENIORS
-- Seniors have more discretionary income than any other age group.
-- Seniors spend more on children's clothing and toys than the children's parents.
-- The 60+ population owns 77 percent of all U.S. financial assets.
-- Seniors purchase about half of all new domestic and luxury cars.
-- Seniors spend more dollars on travel and recreation then any other age group.
Source: Chris Johnson, professor of gerontology, University of Louisiana at
Monroe.
-- Sixty percent of 50+ homeowners have remodeled their residences.
Age Wave Report, 2000
-- 20% of seniors say that the amount of money they spend each month on
prescription drugs is "a very great burden," while another 24% indicated that it was
"somewhat of a burden." Thirty-four percent said spending on prescription drugs
was "not a burden at all." Council for Affordable Health Insurance, 2000
-- 44% of Americans age 65+, including 57% of older African Americans and 60% of
older Hispanics, describe the present as the best years of their lives, a 32%
increase since 1974. Research Alert, 2000
-- Age distribution of nursing home residents who are 65 or older:
65-74, 13.5%; 75-84, 36.1; 85+, 50.4% USA Today, 2000
-- Nearly 2 million hearing aids were sold in 1998, and as the number of people with
hearing loss increases to 15 million or more with the aging baby boomer
population, sales of hearing aids are expected to double.
Hearing Industries Association, 1999
-- Favorite activities enjoyed by mature vacationers nationally:
Shopping, 29%; Visiting historical places or museums, 15%;
Gambling, 11% Attending cultural events/festivals, 12%;
Going to the beach, 7%; Golf/tennis/skiing, 3%.
Travel Industry Association of America, 2001
-- Most popular sporting activities for seniors (age 55 and older) in 2000, based on
"frequent" participation:
1. Recreational walking
2. Fitness walking
3. Treadmill exercise
4. Stretching
5. Golf
6. Recreational vehicle camping
7. Free weights(hand weights)
8. Freshwater fishing
9. Weight/ resistance machines
10. Recreational swimming
Sporting Goods Manufacturers Association, 2001
Who are the seniors in The Triangle?
The following facts detail seniors over 65 years of age:
21,000 have a college degree
86,000 have a high school degree
62,000 are female & 48,000 are male
50,000 are married
32,000 are widowed
59,000 have an annual income >$30,000
23,000 have an annual income >$50,000
15,000 work either full or part time
71,000 are retired
The following facts detail seniors in Wake County:
Senior Population (55 - 65) 52,500
Senior Population (over 65) 48,518
Wake Co. Buying Power Index (BPI) .2639
Wake Co. Household Effective Buying Index (EBI) $44,531
Wake Co. Median Household Income $54,988
Wake Co. Home Ownership Rate 65.9%
ECONOMIC IMPACT OF SENIORS
-- Seniors have more discretionary income than any other age group.
-- Seniors spend more on children's clothing and toys than the children's parents.
-- The 60+ population owns 77 percent of all U.S. financial assets.
-- Seniors purchase about half of all new domestic and luxury cars.
-- Seniors spend more dollars on travel and recreation then any other age group.
Source: Chris Johnson, professor of gerontology, University of Louisiana at
Monroe.
-- Sixty percent of 50+ homeowners have remodeled their residences.
Age Wave Report, 2000
-- 20% of seniors say that the amount of money they spend each month on
prescription drugs is "a very great burden," while another 24% indicated that it was
"somewhat of a burden." Thirty-four percent said spending on prescription drugs
was "not a burden at all." Council for Affordable Health Insurance, 2000
-- 44% of Americans age 65+, including 57% of older African Americans and 60% of
older Hispanics, describe the present as the best years of their lives, a 32%
increase since 1974. Research Alert, 2000
-- Age distribution of nursing home residents who are 65 or older:
65-74, 13.5%; 75-84, 36.1; 85+, 50.4% USA Today, 2000
-- Nearly 2 million hearing aids were sold in 1998, and as the number of people with
hearing loss increases to 15 million or more with the aging baby boomer
population, sales of hearing aids are expected to double.
Hearing Industries Association, 1999
-- Favorite activities enjoyed by mature vacationers nationally:
Shopping, 29%; Visiting historical places or museums, 15%;
Gambling, 11% Attending cultural events/festivals, 12%;
Going to the beach, 7%; Golf/tennis/skiing, 3%.
Travel Industry Association of America, 2001
-- Most popular sporting activities for seniors (age 55 and older) in 2000, based on
"frequent" participation:
1. Recreational walking
2. Fitness walking
3. Treadmill exercise
4. Stretching
5. Golf
6. Recreational vehicle camping
7. Free weights(hand weights)
8. Freshwater fishing
9. Weight/ resistance machines
10. Recreational swimming
Sporting Goods Manufacturers Association, 2001
Who are the seniors in The Triangle?
The following facts detail seniors over 65 years of age:
21,000 have a college degree
86,000 have a high school degree
62,000 are female & 48,000 are male
50,000 are married
32,000 are widowed
59,000 have an annual income >$30,000
23,000 have an annual income >$50,000
15,000 work either full or part time
71,000 are retired
The following facts detail seniors in Wake County:
Senior Population (55 - 65) 52,500
Senior Population (over 65) 48,518
Wake Co. Buying Power Index (BPI) .2639
Wake Co. Household Effective Buying Index (EBI) $44,531
Wake Co. Median Household Income $54,988
Wake Co. Home Ownership Rate 65.9%
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| 9:00am - 1:00pm |
| JIM GRAHAM BUILDING NC STATE FAIRGROUNDS RALEIGH, NC |
| FREE ADMISSION FREE GIVEAWAYS FREE ENTERTAINMENT FREE PARKING OVER 150 EXHIBITORS |
| Wednesday, May 7, 2008 |
© Copyright 2008 Resources for Seniors, Inc. All rights reserved.
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