Demographics Again -- February 7, 2024

Locator: 46762DEMOGRAPHICS.

I talk about demographics occasionally -- see this link.  

Now, this, from today's WSJ:

From the linked article:

More Americans are turning 65 this year than any prior time in history.

About 4.1 million Americans will reach 65 years old this year, reaching a surge that will continue through 2027, according to an analysis by Jason Fichtner, executive director of the Retirement Income Institute and chief economist at the Bipartisan Policy Center. That is about 11,200 a day, compared with the 10,000 daily average from the previous decade, he says.

Today’s 65-year-olds are wealthier than their predecessors. While significant disparities exist, the median net worth of those 65 to 74 was $410,000 in 2022, up from $282,270 in 2010 in inflation-adjusted 2022 dollars, according to the Federal Reserve’s Survey of Consumer Finances.

Now put that story and the charts "against" "my favorite chart." LOL. This is not rocket science. 

And, then, of course, "that area under the curve."