The Census Bureau in a report, “An aging Nation: The Older Population in the United States”, examined how the age structure of the U.S. older population is expected to change over the coming decades.
The report mentioned that, between 2012 and 2050, the United States will experience considerable growth in its older population and by 2050 the projected population aged 65 and over will be 83.7 million.
What about the Hispanic Population?
They divide the projections of life expectancy by race and sex.
The report also mentioned that “While the older population is not currently as racially and ethnically diverse as the younger population, it is projected to experience a substantial increase in its racial and ethnic diversity over the next four decades”
These are their numbers:
Percent Hispanic for the Older Population by Selected Age Groups for the United States: 2012 to 2050
“The proportion of the older population that is Hispanic is projected to increase quickly over the next four decades. In 2050, 18.4 percent of the population aged 65 and over is projected to be Hispanic.
Is the older population really buying homes right now?
According to The Home Buyer and Seller Generational Trends Report 2015 from NAR, they are selling and buying homes:
The Hispanic population will be a growing percentage of your future clients, either because they are selling or because they are moving to a new home where they can retire and enjoy their newfound freedom!