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Household Demographics 2003 vs. 2013: Spotlight on Age of Head of Household

IMG Auteur
Mish
Global Economic Analysis
Published : August 06th, 2014
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Category : Opinions and Analysis

Here's a look at some interesting demographics, comparing 2003 vs. 2013.

Number of Households by Age of Head of Household 2013 vs. 2003



The next chart shows the change in number (in thousands), in the age of the head of household.

Change in Households by Age Group (2013 Minus 2003)



click on any chart for sharper view

I created the above charts from spreadsheet data reader Tim Wallace sent. The data is from the Census Department 213-page PDF 2013 Annual Social and Economic (ASEC) Supplement.

Two Key Points

  • 3,516,000 more heads of households in age group 60-64 than in 2003
  • 3,989,000 more heads of households in age group 65-74 than in 2003

And those are just heads-of-households, not individuals. The individual total would be much higher.

Aging boomers accounts for much but not all of the decline in labor force and participation rate. The recession made matters worse.

Finally, some of the semi-retired, only want to work part-time, explaining part of the surge in part-time employees.

We will have more charts of education levels, household wealth, and other items shortly.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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