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The Living Arrangements of Older Households, No. 24-33

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The Living Arrangements of Older Households, No. 24-33

DATE: October 2024

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In the past century, the share of the U.S. population aged 65 or older has more than tripled, rising from 4.7 percent in 1920 to 16.8 percent in 2020.1 This trend has been driven by both longer life expectancies and declining birth rates. In addition to having profound consequences for labor markets and government finances, an aging population will likely have substantial effects on housing markets. In this article, we document how the living arrangements of older households (those 65 or older) have changed over the past 50 years and discuss some of their potential implications.

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Federal Reserve Bank of Richmond. "The Living Arrangements of Older Households, No. 24-33" in Economic Brief (October 2024). https://fraser.stlouisfed.org/title/6034/item/678880, accessed on November 19, 2024.

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