There are currently more than 49 million elderly in the U.S. Those over age 65 make up nearly 14% of the population, with 6% over age 75.
By 2060, the number of elderly will double to over 98 million, more than 20% of the population. The 85 and older age group will dramatically rise, nearly 300%.
Table 2. Projections of the Population by Selected Age Groups and Sex for the United States: 2015-2060 (NP2012-T2). Population Division, U.S. Census Bureau; Release Date: December 2012. Accessed on 3/7/2014
Werner CA, The Older Population, U.S. Census Bureau, 2010 Census Briefs. Accessed on 3/7/2014