An Aging Workforce – Challenges and Opportunities
16 Dec 2019
The data is clear, and the trend is eye-opening: the Twin Cities Metro Area’s population is getting older. Since the turn of the century, the Metro Area has gained about 457,000 people, growing by 17.3 percent. Broken down, however, it is striking that all the age cohorts under 55 years witnessed slower growth than 17.3 percent, while every age cohort over 55 years grew much faster. In fact, the number of people between 55 and 64 years expanded by 99.9 percent between 2000 and 2018, a rate about six times faster than total population growth. Likewise, those between 65 and 74 years grew by 96.9 percent during that time.