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Here are some facts and tips on how to create a business for seniors the year 2030 marks an important demographic turning point in us history according to the us census bureaus 2017 national population projections by 2030 all baby boomers will be older than age 65. Not all seniors are baby boomers but this generation does hold a special place currently between 54 and 72 years old the boomers make up a large proportion of the senior population. They suggest that one of the smartest moves you can make right now is to start a business that caters to baby boomers seniors or elderly people this segment of the population is really worth targeting due to the following reasons they have more money more savings and more disposable income than their parents. As of 2020 approximately 73 million baby boomers people born between 1946 and 1964 are over the age of 65 in another 10 years by 2030 all of them will be over 65 making it the second largest age group