Forecast of the State Population November 2011 Office of Financial Management Forecasting Division.

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Presentation transcript:

Forecast of the State Population November 2011 Office of Financial Management Forecasting Division

Office of Financial Management Total Population and Components of Change

Office of Financial Management The Grandchildren of the Baby Boomers Will Place Additional Pressure on the K-12 Education System 2 nd Echo Begins to Enter School

Office of Financial Management As the Baby Boomers Age, the Demand for Senior Services Will Increase

Office of Financial Management Projected Change in Budget Driver Populations: Ages Males Ages General Population Ages 85+ Children Ages 0-17 Ages Ages 5-17 Population growth in specific subgroups will affect major budget areas although the impacts will depend on policy choices, economic factors, and social conditions. Ages 0-2

Office of Financial Management Contact Information Yi Zhao, Chief Demographer OFM / Forecasting