The Census Bureau has just released the population estimates for 2015, and I've updated the table from the previous post (replacing 2013 with 2015 data).
The table below shows the top 11 cohorts by size for 2010, 2015 (released this month), and Census Bureau projections for 2020 and 2030.
By the year 2020, 8 of the top 10 cohorts will be under 40 (the Boomers will be fading away), and by 2030 the top 11 cohorts will be the youngest 11 cohorts (the reason I included 11 cohorts).
There will be plenty of "gray hairs" walking around in 2020 and 2030, but the key for the economy is the population is the prime working age will be increasing.
This is very positive for housing and the economy. Demographics are becoming more favorable!
Population: Largest 5-Year Cohorts by Year | ||||
---|---|---|---|---|
Largest Cohorts |
2010 | 2015 | 2020 | 2030 |
1 | 45 to 49 years | 20 to 24 years | 25 to 29 years | 35 to 39 years |
2 | 50 to 54 years | 25 to 29 years | 30 to 34 years | 40 to 44 years |
3 | 15 to 19 years | 50 to 54 years | 35 to 39 years | 30 to 34 years |
4 | 20 to 24 years | 55 to 59 years | Under 5 years | 25 to 29 years |
5 | 25 to 29 years | 30 to 34 years | 55 to 59 years | 5 to 9 years |
6 | 40 to 44 years | 15 to 19 years | 20 to 24 years | 10 to 14 years |
7 | 10 to 14 years | 45 to 49 years | 5 to 9 years | Under 5 years |
8 | 5 to 9 years | 10 to 14 years | 60 to 64 years | 15 to 19 years |
9 | Under 5 years | 5 to 9 years | 15 to 19 years | 20 to 24 years |
10 | 35 to 39 years | 35 to 39 years | 10 to 14 years | 45 to 49 years |
11 | 30 to 34 years | 40 to 49 years | 50 to 54 years | 50 to 54 years |
from
http://feedproxy.google.com/~r/CalculatedRisk/~3/UM6KKRaHRYY/largest-5-year-population-cohorts-are.html
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