Posted To: Pipeline Press

Who would’ve thought that one day we’d be smoking weed at a family gathering, but the illegal part would be the family gathering? For most of us, family matters are critical. The year 2030, 10 years from now, marks an important demographic turning point in U.S. history according to the U.S. Census Bureau’s National Population Projections . By 2030, all baby boomers will be older than age 65. Reverse mortgage lenders are aware that this will expand the size of the older population so that 1 in every 5 residents will be retirement age. The population is expected to grow at a slower pace, age considerably and become more racially and ethnically diverse. Net international migration is projected to overtake natural increase in 2030 as the primary driver of population growth in…(read more)

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Source: Mortgage News Daily