The Demographic Outlook: 2024 to 2054

The latest report from the Congressional Budget Office highlights key demographic shifts in the U.S. population and their potential impact on the economy and federal budget. Over the next 30 years, the U.S. population is expected to grow from 342 million to 383 million, with those aged 65 and older increasing at a faster rate than younger age groups. This aging trend has significant implications for Social Security and Medicare, as more people become beneficiaries.