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Freedonia Focus on Demographics: United States

Freedonia Focus on Demographics: United States

  • June 2020
  • 33 pages
  • ID: 3267639
  • Format: PDF
  • Freedonia Focus

Summary

Table of Contents

This report forecasts to 2024 the US resident population, the number of households by age of head, the number of new marriages, and the size of the civilian labor force by employment status.

The resident population is segmented by age group: under 5 years, 5-14 years, 15-24 years, 25-34 years, 35-44 years, 45-54 years, 55-64 years, 65-74 years, 75-84 years, and 85 years and older.

The resident population encompasses any person residing in the 50 US states and the District of Columbia including foreign citizens and immigrants (regardless of legal status).

The resident population is also forecast by region: New England, Middle Atlantic, East North Central, West North Central, South Atlantic, East South Central, West South Central, Mountain, and Pacific.

To illustrate historical trends, the US resident population, the number of households, the number of new marriages, the size of the civilian labor force, and the various segments and regions are provided in annual series from 2009 to 2019.

To illustrate average historical spending and income differences among various age groups, this report references household income and spending on various goods and services for 2018 measured in nominal US dollars. The age group of a household is determined by the age of the reference person identified by the Consumer Expenditures Survey published by the Bureau of Labor Statistics.

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