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Industries & Professions /
Demand for financial planners is growing in part because people are living longer due to advances in the medical and health care fields. The U.S. Census Bureau estimated that in 2010 there were 35 million people in the United States who were age 65 or older. By 2030, nearly one in five U.S. residents is expected to be 65 or older; and by 2050, it's projected that there will be 82 million people over 65 years old. In addition, the number of people age 85 or older may more than quadruple by 2050 (increasing from approximately four million in 2000 to 19 million in 2050). Thus, the retirement planning field should grow at a much-faster-than-average rate, as more and more people will be demanding these services.
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