The age group with the highest rate of bicycling is the 18-24 age group, but the 55+ age group is the one that has been increasing its rate fastest (by far), and it is quickly gaining ground on the young.
When we think of the "bicycling boom," I think that most of us visualize young hipsters and urbanites. However, recent data from the US Department of Transportation's National Household Travel Survey show that the age group that is increasing its bicycle rate most quickly is the elderly (75 to 84), or more broadly the overall retiree group. Here are a couple of charts on this:
Read more: http://www.treehugger.com/bikes/us-bike-boom-mostly-coming-people-over-55-not-hipsters.html