The American population is changing. US demographics today will be massively different in the years to come with a lower white population and an increase in Hispanics, Asians, and people of mixed heritage. According to the Insurance Journal, “by 2035, there will be 78.0 million people 65 years and older compared to 76.4 million under the age of 18, according to the U.S. Census Bureau’s 2017 National Population Projections. By 2030, all baby boomers will be older than age 65. This will mean that 1 in every 5 residents will be retirement age.”
The 2030s are projected to be the decade where a lot of the changes within the US will happen. Based on the demographics of children being born, the population during the 2030 decade is expected to grow at a much slower pace and ultimately result in net international migration overtaking natural births. This means that there will be more people immigrating to the US than there are people born in the country.
The Two or More Races population is projected to be the fastest growing over the next several decades, followed by single-race Asians and Hispanics of any race. The causes of their growth are different, however. For Hispanics and people who are Two or More Races, their high growth rates are largely the result of high rates of natural increase, given the relatively young age structures of these populations. For Asians, the driving force behind their growth is high net international migration.