The Oldest Old in 2050Methodology »
Released: August 2021
Next expected update: 2023
DEFINITION: The oldest old are beneficiaries aged 85 or older in a given year. Projections for beneficiaries aged 60 or older are provided for comparison.
In 2050, we project that:
- The oldest old will include more women and widows, but fewer disabled, than those aged 60 or older.
- The median benefit amount will be higher for the oldest old than for those aged 60 or older.
- The poverty rate will be lower for the oldest old compared with those aged 60 or older.
|Characteristic||Aged 60 or older||Aged 85 or older|
|Number of beneficiaries||84 million||17 million|
|All other races||8%||7%|
|Under–||Aged 60 or older||Aged 85 or older|
|Under—||Aged 60 or older||Aged 85 or older|
SOURCE: Modeling Income in the Near Term, Version 8 (MINT8) microsimulation model using 2019 Trustees Report intermediate assumptions.