The Department of Health and Human Services (HHS)’s Administration on Community Living (ACL) has released its 2023 Profile of Older Americans, an annual summary of critical statistics related to the older population in the United States.
Relying primarily on data offered by the U.S. Census Bureau, the report illustrates the shifting demographics of Americans age 65 and older. It includes key topic areas such as income, living arrangements, education, and health. The 2023 Profile includes a special section on living in the community.
Among the findings, people 65 and older represented 17.3% of the population, more than one in every six Americans; 5.9 million people 65+ lived below the poverty level and another 2.7 million had incomes at or just above the poverty level (near-poor); in 2021, the median household income of older homeowners 75+ was $38,640, while the median household income of older renters was $20,000; of older adults age 65+ living in the community, 59% lived with their spouse/partner in 2023 and about 28% lived alone; and, in 2021, 45% of older householders spent one-third or more of their income on housing costs (owners spent 37% of their incomes on housing and renters spent 76% of their income on housing).
Read more in the report here.