New census figures show that the share of US residents aged 65 or older grew by over a third between 2010 and 2020, and at the fastest rate of any decade in 130 years. This trend, coupled with a decline in the percentage of children under age 5, has led to an increase in the Median Age in the US from 37.2 to 38.8 over the decade. Experts attribute the decline in birth rates to factors such as women delaying having babies until later in life and a lack of affordable childcare and work-family balance. There are important social and economic consequences to an aging population, such as the ability of working-age adults to support older people through Social Security and Medicare contributions.

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