Sunday, June 26, 2016

Largest 5-year Population Cohorts are now "20 to 24" and "25 to 29"

by Bill McBride on 6/26/2016 11:42:00 AM

Two years ago, I wrote: Census Bureau: Largest 5-year Population Cohort is now the "20 to 24" Age Group.

The Census Bureau has just released the population estimates for 2015, and I've updated the table from the previous post (replacing 2013 with 2015 data).

The table below shows the top 11 cohorts by size for 2010, 2015 (released this month), and Census Bureau projections for 2020 and 2030.

By the year 2020, 8 of the top 10 cohorts will be  under 40 (the Boomers will be fading away), and by 2030 the top 11 cohorts will be the youngest 11 cohorts (the reason I included 11 cohorts).

There will be plenty of "gray hairs" walking around in 2020 and 2030, but the key for the economy is the population is the prime working age will be increasing.

This is very positive for housing and the economy.  Demographics are becoming more favorable!

Population: Largest 5-Year Cohorts by Year
Largest
Cohorts
2010201520202030
145 to 49 years20 to 24 years25 to 29 years35 to 39 years
250 to 54 years25 to 29 years30 to 34 years40 to 44 years
315 to 19 years50 to 54 years35 to 39 years30 to 34 years
420 to 24 years55 to 59 yearsUnder 5 years25 to 29 years
525 to 29 years30 to 34 years55 to 59 years5 to 9 years
640 to 44 years15 to 19 years20 to 24 years10 to 14 years
710 to 14 years45 to 49 years5 to 9 yearsUnder 5 years
85 to 9 years10 to 14 years60 to 64 years15 to 19 years
9Under 5 years5 to 9 years15 to 19 years20 to 24 years
1035 to 39 years35 to 39 years10 to 14 years45 to 49 years
1130 to 34 years40 to 44 years50 to 54 years50 to 54 years