You are here:HomeNews CenterInsurance News2006U.S. Reaches Population of 300 Million on October 17; 400 Million in 35 Years

U.S. Reaches Population of 300 Million on October 17; 400 Million in 35 Years

The U.S. Census Bureau says the population of the U.S. passed the 300 million mark on October 17 and will reach 400 million within approximately...
October 16, 2006

The U.S. Census Bureau says the population of the U.S. passed the 300 million mark on October 17 and will reach 400 million within approximately 35 years. An article in the Wall Street Journal (10/13/06) quotes demographers as saying that the additional 100 million people, many of them immigrants, are needed to replenish the workforce as baby boomers retire and to support the Social Security program.  At the same time, the experts say that the nation's cities and highways will become more crowded and the divisions between the well-to-do and the poor will be more pronounced.

The Center for Environment and Population, a nonpartisan research group in New Canaan, Connecticut, says that more than half of the U.S. population now lives within 50 miles of the coast and expects 25 million more coastal residents within the next 10 years, or 50 percent of the anticipated population growth. Demographers say some coastal cities will have populations of 25 million or more, increasing the concerns about the spread of infectious diseases or terrorist attacks. Some of the most rapidly growing areas have the highest risks of natural disasters, particularly Florida.

What It Means to Agents:  Current and future migration to the coastlines of the United States - if it continues - combined with the threat of rising seas due to global warming will vastly increase risk, and with it the need for insurance, as well as the insurance funding mechanisms to handle the increased risk.

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