The National Population Projections released by the U.S. Census Bureau project that by 2034, there will be 77.0 million people age 65 years and older, or one-and-a half times as many as were reported in 2016 (49.2 million). For the first time, adults will outnumber the nation’s children under the age of 18. By 2030, 1 in every 5 U.S. residents will be of retirement age.

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