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

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Presentation on theme: "Forecast of the State Population November 2011 Office of Financial Management Forecasting Division."— Presentation transcript:

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

2 Office of Financial Management Total Population and Components of Change

3 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

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

5 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

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


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