Laserfiche WebLink
2/25/2019 <br />2 <br />DEMOGRAPHICS MARKET FORCES <br />TECHNOLOGY RESILIENT <br />INFRASTRUCTURE <br />FOUR MAJOR CHANGE DRIVERS <br />5 <br />DEMOGRAPHICS <br />GENERATIONAL SHIFTS <br />AGING POPULATION <br />CULTURAL DIVERSITY <br />6 <br />MILLENNIALS <br />AND BOOMERS <br />COMPRISE 150 <br />MILLION <br />AMERICANS <br />US Census estimates & <br />Minnesota State Demographic Center, August 2015 7 <br />23%23%23%23% <br />20% <br />19% <br />23% <br />25% <br />10%10% <br />0% <br />5% <br />10% <br />15% <br />20% <br />25% <br />30% <br />United States Minnesota <br />Gen Z <br />Under 18 <br />Millennials <br />18 to 34 <br />Gen X <br />35 to 50 <br />Baby Boomers <br />51 to 69 <br />Silent Generation <br />70 years and older <br />Under 18 population will decline <br />from 23% to 20% of population <br />Over 65 will grow from 17% to 22% <br />"These things usually creep along <br />at the speed of a glacier. Not so <br />with aging. In demographic terms, <br />this is a tsunami. It doesn't get <br />much bigger than this.” <br />Thomas Gillaspy <br />Former MN State Demographer <br />MN’S OVER 65 POPULATION TO EXCEED SCHOOL-AGE BY 2020 <br />U.S. Census Bureau, Decennial Census and Population Estimates. <br />Forecasts: Minnesota State Demographic Center. <br />65 PLUS <br />5 TO 17 <br />8 <br />PROJECTED MN POPULATION: AGES 5–17 AND 65+ <br />500,000 <br />700,000 <br />900,000 <br />1,100,000 <br />1,300,000 <br />1,500,000 <br />1,700,000 <br />5 6 <br />7 8