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

2. 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.

3. 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

4. We are getting older.

5. 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

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

7. 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

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

9. Our older adult population will soon exceed our school-age population
about
2020
SOURCE:
@MNCompass

10. 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:
@MNCompass

11. 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:
@MNCompass

12. 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:
@MNCompass

13. This is unlike anything we’ve seen before
SOURCE:
@MNCompass

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

15. 3,100,000 jobs in Minnesota in 2024 @MNCompass SOURCE:
Employment outlook from DEED
@MNCompass

16. 3,400,000 adults age 18-64 in Minnesota in 2024
SOURCES:
Employment outlook from DEED
@MNCompass

17. 3,400,000 adults age 18-64 in Minnesota in 2024
SOURCES:
Employment outlook from DEED
@MNCompass

18. 3,400,000 adults age 18-64 in Minnesota in 2024
SOURCES:
Employment outlook from DEED
@MNCompass

19. 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
@MNCompass

20. 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

21. 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%)
@MNCompass

22. Can we keep a good thing going?

23. 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

24. 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

25. $42,300 Median income among older adult-headed households in 2015
SOURCES:
Statewide:
By county:
@MNCompass

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

27. 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

28. 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.

29. 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

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

31. Please keep in touch…