May 23, 2017 Allison Liuzzi Wilder Research @AllisonLiuzzi Planning Effectively for an Aging Minnesota May 23, 2017 Allison Liuzzi Wilder Research @AllisonLiuzzi

What is MN Compass? A community indicators project, Minnesota Compass provides a common foundation of information and data that people need to identify, understand, and effectively act on community issues.

The collaborative of foundations behind Minnesota Compass… 3M Foundation Blue Cross and Blue Shield of Minnesota Foundation Boston Scientific Otto Bremer Trust Bush Foundation Greater Twin Cities United Way Initiative Foundation The Jay & Rose Phillips Family Foundation of Minnesota Mardag Foundation The McKnight Foundation Community Leadership Fund of The Minneapolis Foundation Northwest Minnesota Initiative Foundation The Saint Paul Foundation Wells Fargo Foundation Minnesota Amherst H. Wilder Foundation

We are getting older. www.mncompass.org

The largest share of our population is currently… Young children 0-4 years School-aged children 5-17 years Working-age adults 18-64 years Older adults 65+ years

The largest share of our population is currently… Working-age adults 18-64 years

The second largest share of our population is currently… Young children 0-4 years School-aged children 5-17 years Working-age adults 18-64 years Older adults 65+ years

The second largest share of our population is currently… School-aged children 5-17 years But not for long…

Our older adult population will soon exceed our school-age population about 2020 SOURCE: http://www.mncompass.org/demographics/age#1-5228-g @MNCompass

36 counties where at least 1 in 5 residents are age 65+ 2015 36 counties where at least 1 in 5 residents are age 65+ SOURCE: http://www.mncompass.org/demographics/age#1-5224-g @MNCompass

61 counties where at least 1 in 5 residents are age 65+ 2020 61 counties where at least 1 in 5 residents are age 65+ SOURCE: http://www.mncompass.org/demographics/age#1-5224-d @MNCompass

87 counties where at least 1 in 5 residents are age 65+ 2030 87 counties where at least 1 in 5 residents are age 65+ SOURCE: http://www.mncompass.org/demographics/age#1-5224-d @MNCompass

This is unlike anything we’ve seen before SOURCE: http://www.mncompass.org/demographics/age#1-5228-g @MNCompass

Aging in the context of our shared economic well-being…

3,100,000 jobs in Minnesota in 2024 @MNCompass SOURCE: Employment outlook from DEED @MNCompass

3,400,000 adults age 18-64 in Minnesota in 2024 SOURCES: Employment outlook from DEED http://www.mncompass.org/demographics/age#1-5228-d @MNCompass

3,400,000 adults age 18-64 in Minnesota in 2024 SOURCES: Employment outlook from DEED http://www.mncompass.org/demographics/age#1-5228-d @MNCompass

3,400,000 adults age 18-64 in Minnesota in 2024 SOURCES: Employment outlook from DEED http://www.mncompass.org/demographics/age#1-5228-d @MNCompass

2,700,000 adults age 18-64 working in 2024 @MNCompass At historic levels of 78% of adults working, only 2.7 million would be working in 2024 SOURCES: Employment Outlook from DEED http://www.mncompass.org/demographics/age#1-5228-d http://www.mncompass.org/workforce/proportion-of-adults-working#1-6783-g @MNCompass

Older adults will help address our projected workforce shortage 18% of older adults are working. Today… 187,000 older adults working. In 2024, that amounts to… @MNCompass

most engaged and independent Minnesota is home to one of the most engaged and independent older adult populations in the nation. Highest rate of volunteerism among older adults (37%) One of the lowest rates of disability among older adults (31%) www.mncompass.org @MNCompass

Can we keep a good thing going?

Minnesota residents aging in place Older adults are least likely to live below poverty. The vast majority of older adults have health care coverage. Relatively small numbers of older adults experience homelessness. @MNCompass

Minnesota residents aging in place One-third of older adults living in households live alone. One-third of older adult-headed households pay too much for housing. 30% of adults age 65+ live alone (American FactFinder B09020) – nearly three-quarters of these older adults living alone are women (73%, 149,982 of 206,636 living alone) 34% of households headed by an adult age 65+ are housing cost burdened By type of disability: Ambulatory (18%) Hearing (15%) Independent living (12%) One-third of older adults have at least one disability. @MNCompass

$42,300 Median income among older adult-headed households in 2015 SOURCES: Statewide: http://www.mncompass.org/aging/median-income#1-11210-g By county: http://www.mncompass.org/aging/median-income#1-11209-g @MNCompass

Median income of older adult-headed households varies considerably Source: MN Compass > Aging > Median income (Minnesota charts) @MNCompass

nearly double Our need for informal caregivers is expected to by 2040 Source: Wilder Research, Caregiving in context: A study of family, friend, and community caregivers’ networks of support, report and summary. @MNCompass

Assistance provided by caregivers 93% provide companionship 86% help with shopping and other errands 84% provide transportation Source: Wilder Research, Caregiving in context: A study of family, friend, and community caregivers’ networks of support, report and summary.

Opportunities Living longer and healthier Thinking ahead: Opportunities Living longer and healthier Ongoing contributions to our shared quality of life Employment Wealth Volunteerism Leadership @MNCompass

Challenges Maintaining independence Thinking ahead: Challenges Maintaining independence Increasing need for formal and informal support Potential worker shortage Transitions in leadership @MNCompass

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