Did you know August 21 st is National Senior Citizens Day ? According to the United States Census, we honor senior citizens today because, “ Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a special day in honor of the senior citizens who mean so much to our land. ” To give proper recognition, we’re going to look at some senior-related data in the housing industry. According to the Population Reference Bureau , “ The number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, and the 65-and-older age group’s share of the total population will rise from 16 percent to 23 percent .” Seniors Believe in Homeownership In a recent report , Freddie Mac compared the homeownership rates of two groups of seniors: the Good Times Cohor t (born from 1931-1941) and the Previous Generations (born in the 1930...
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