According to the U.S. Census Bureau, there are approximately 25.7 million people who live in Texas, and about 10.3% of them are seniors over the age of 65; that is about 2.6 million Texans. As Texans age, the cost of retirement becomes the focus of any financial planning. By the time someone turns 65, hopefully …
Did You Know?
- The Census Bureau estimates that more than 2.3 million Texans were aged 65 or older in 2006, accounting for 9.9 percent of the state's population. That share is expected to rise to 11.7 percent of the total by 2015.
- Texans 60-plus are projected to total 8.1 million by 2040, a 193 percent increase from 2000. By 2040, the 60-plus population is projected to comprise 23 percent of the total Texas population.
- The Texas Baby Boomers population (those age 55-64) totals over 5.6 million, or about 28 percent of the total Texas population.
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