Photo: Chandan Khanna/AFP/Getty Images

Nearly 54 million Americans have reached traditional retirement age, 65 years and older, in the U.S. — a 34% jump over the past decade, per 2019 Census Bureau population estimates cited by Bloomberg.

Why it matters: The older population is expanding at a faster rate than that of children and working-age Americans, driven by the aging of Baby Boomers born between 1946 and 1964. This means the country's dependency ratio has grown, Bloomberg notes, wherein federal, state and local governments are likely to feel the strain of older Americans' reliance on government services.

  • “And this is going to cause higher taxes," University of Michigan economic Richard Curtin told Bloomberg. "That represents a significant draw on consumers’ budgets.”

Of note: "...the under-18 population was smaller in 2019 than it was in 2010, in part due to lower fertility in the United States," Luke Rogers, chief of the Census Bureau's Population Estimates Branch said.

The state of play:

  • North Dakota is the only state across the U.S. to see an overall decline in its median age, which dropped from 37 in 2010 to 35.3 in 2019.
  • Nearly 13 million Americans are 80 and older.
  • The dependency ratio for 2019 shows there are 54 Americans in need of support for every 100 people of working age.

Go deeper

Jun 26, 2020 - Health

Analysis shows coronavirus cases skyrocketing in Latino communities

People line up to receive food and goods distributed by volunteers in Chelsea, Massachusetts on April 14, 2020. Chelsea has the second-highest Latino population in the state. Photo: Joseph Prezioso / AFP

The coronavirus is spreading at more than double the rate of the rest of the U.S. in counties that are at least a quarter Hispanic, a New York Times analysis out Friday indicates.

Why it matters: Many Latinos continued working as states shuttered businesses, keeping the economy running "at the cutting tables of food-processing plants, as farm hands, as hospital orderlies, food preparers, supermarket workers and in many other jobs deemed essential," The Times writes.

Jun 26, 2020 - Health

Trump administration asks Supreme Court to overturn ACA

Photo: Drew Angerer/Getty Images

The Trump administration formally asked the Supreme Court on Thursday to overturn the Affordable Care Act, AP reports.

Why it matters: Nearly 20 million Americans could lose health care coverage and protections for those with pre-existing conditions if the court rules to overturn ACA.

Updated Jul 10, 2020 - Health

U.S. coronavirus updates

Data: The COVID Tracking Project; Map: Andrew Witherspoon/Axios

South Carolina restaurants and bars will have to close alcohol sales by 11 p.m., beginning Saturday, under an order issued Friday by Gov. Henry McMaster.

The big picture: The U.S. had another record single-day spike of 63,200 new coronavirus cases from Thursday. COVID-19 cases in South Carolina have increased, with 21,560 cases recorded in the last two weeks.