A new study from the University of North Carolina, one that is not at all barbecue-related, has just been released and the findings provide a lot of food for thought for trend-spotters. The research concerns the biggest demographic shifts happening in the US based on the 2010 Census.
I’ll give you two of them that could be worth examining from an investment standpoint before sending you over…
- South-shifting population. More than half of the nation’s population growth during the past decade (51.4 percent) occurred in Southern states, driven in part by an in-migration of an estimated 2.3 million newcomers from nearly all demographic groups — blacks, Hispanics, the elderly and the foreign born — and high fertility rates among some, particularly Hispanics.
- “Graying” of America. The first baby boomer born in America turned 65 on Jan. 1, sparking a “silver tsunami” of 79 million baby boomers who will exit the U.S. workforce over the next 20 years. About 8,000 Americans will turn 65 every day over the next five years, and they will live longer than previous generations because of advances in health care and lifestyles that are more active.