By 2034, there will be more people age 65 and older than people under 18, according to U.S. Census Bureau projections. What is helping to drive this aging of the U.S. population?
In an April Economic Synopses essay, St. Louis Fed economist and Senior Vice President B. Ravikumar and Senior Research Associate Iris Arbogast focused on how changes in the death rates for different age groups can affect the average age of the U.S. population.