One chart explains the economy’s terrible baby boomer hangover, Gen X’s invisibility, and millennial and Gen Z irrelevance

The latest Census data reveals a striking trend: the population of people aged 65 and older has surged by 16.2% since 2020, outpacing the growth of millennials and highlighting a demographic shift. Meanwhile, Generation X remains relatively invisible in the data, and millennials and Generation Z seem to be losing their demographic clout as they move to exurban areas. This demographic shift has significant implications for economic policies, healthcare, and social services, as the needs and priorities of an aging population increasingly dominate the national conversation.