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Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Majority Won't Be The Majority For Long

The number of two-race Americans will rise more than 300 percent in the next 40 years, the U.S. Census Bureau reports.  

| BY Kent McDill

The melting pot existence which has long been a staple of American culture is expected to reach a milestone in 2020, according to the United States Census Bureau.

In only five years, the 18-and-under Caucasian population of the United States will not be the majority race, and the Census Bureau said that will be the case for the population as a whole by the year 2044.

According to Projections of the Size and Composition of the U.S. Population 2014 to 2060, “more than half of the nation’s children are expected to be part of a minority race or ethnic group.’’ The population of the United States will reach 400 million by 2051, although the growth rate of the population will slow as the population gets older.

By 2030, 20 percent of the U.S. Population will be 65 years of age or older, the report states. By 2060, the working-age population is projected to decrease to just 57 percent of the total population.

This is especially true in the foreign-born segment, with the percentage of over-64 foreign-born Americans climbing from today’s rate of 14 percent of foreign-born citizens over the age of 65 to 32 percent by 2060.

The Census Bureau’s 2014 National Projections focused on changes in the age structure and shifts in the racial and ethnic composition of the American population. The report is based on the age, sex, race Hispanic origin and country of birth of U.S. citizens.

The aging of the United States is stark in the report. The sheer number of Americans over the age of 64 will more than double from 2014 to 2060, with a 112 percent increase in the number of members in that generation. Among foreign born citizens, the total number of citizens over the age of 64 will increase by more than 300 percent.

The increased ethnicity of the American population is a consideration in Spectrem’s newest whitepaper, The Ethnic Segmentation Series whitepaper, which will be available by mid-March.

Today’s so-called minority population is 38 percent, and the Census Bureau report says it will rise to 56 percent of the total population by 2060, which means it won’t be the minority population any longer.

Thirteen percent of today’s U.S. population is foreign born, and the Census Bureau report projects that to grow to 19 percent by 2060.

The fastest growing population in the next generation will be the two or more races group. Between 2014 and 2060, the sheer number of citizens who will claim more than one birth race will rise 225 percent.

 The entire Census Bureau report can be readhere.



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.