New U.S. Census data reveals that the population of Americans aged 65 and older grew by approximately 3.1% from 2023 to 2024, reaching around 61.2 million. This demographic group has increased by 13% since 2020, while the population under 18 declined by 1.7% over the same period, now totaling about 73.1 million. For the first time, seniors outnumber children in 11 states, up from three states in 2020, and nearly 45% of U.S. counties have more older adults than children. The median age in the U.S. reached a record high of 39.1 years in 2024, up from 38.5 in 2020. Texas and Utah have experienced particularly rapid growth in their populations aged 65 and older, with Utah seeing an increase of more than 17% from 2020 to 2024. The aging Baby Boomer generation, born between 1946 and 1964, currently owns about 40% of U.S. housing, accounting for 32 million owner-occupied homes. As this cohort ages, with the oldest turning 80 next year, experts predict a substantial exit from homeownership between 2026 and 2036, potentially leading to increased housing inventory and downward pressure on prices. The demographic shift toward an older population is expected to have broad implications for the economy, healthcare, and housing markets.