Deep Dive 10 minutes PremiumSilver Consumers in the US, 2019 Coresight Research June 26, 2019 Executive SummaryIn this report, we look at the senior population in the US, its spending power and spending habits. The 65+ age group accounted for 16% of the US population in 2018, or over 50 million people, and is expected to grow by 40%, or 20 million, through 2030. Spending by senior households amounted to $1.6 trillion in 2017, up 10% year over year. Of the $1.6 trillion, $1.0 trillion was spent by households headed by those between the ages of 65 and 74, while the remaining $0.6 trillion was spent by households headed by those aged 75 and over. Apparel is one category that US senior households underindex on severely: They account for just 16% of total consumer household spending on the category compared to their 24% share of US households. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Analyst Corner—Profit Potential for Preloved Products? A View of the US Fashion Resale Market with Sunny Zheng4Q23 US Earnings Season Wrap-Up: Many Companies Report Better Performances Following the Holiday SeasonWeekly US and UK Store Openings and Closures Tracker 2024, Week 30: Conn’s and Carpetright Close Stores Following Bankruptcy FilingsUS and UK Retail Bankruptcies Latest, September 2023: US Convenience and Apparel See Bankruptcies