There is a lot of conversation around Millennials and the workplace, and how they differ from older generations. A quick Google search will return studies on generational gaps in everything from communication styles to technology preferences. But when it comes to earnings, how are Millennials faring compared to their older counterparts?
We like to end each year with a look back at the population and economic changes and trends we’ve seen across the state. Although Colorado varies by Region and even by County, there were some big changes and takeaways at the state level that we want to share with you. You can also read the entire 2016 Population & Economic Overview here.
The Census Bureau released their July 2016 population estimates, and the data tells a very interesting story!
While the US as a whole increased by 2.2 million, or .7%, Colorado increased by 91,726 - ranking 8th among states for total growth! With a total estimated population of 5,540,545, Colorado has moved up one spot and is now the 21st largest state, beating out Minnesota.
Each fall for the past 34 years, the State Demography Office has gathered data enthusiasts from across the state together for our Annual Demography Summit. While the name of the event has changed over time, the quality of the agenda and enthusiasm of the attendees has always been high!
Every year we release our population estimates, projections and economic forecasts at the Summit. Our team presents their data, methodology, and insights in a user-friendly, easy to understand manner. You don’t need to be a demographer or an economist to get a lot out of this event - you just need to be interested in data!
Colorado’s population is getting older. Between 2010 and 2015, Colorado’s growth in its 65 plus population was 3rd fastest in the US at over 29%, compared to 4th place in overall growth (8.5%). In part 1 of this series we looked at why Colorado is aging so quickly. Now let’s take a closer look at what it means for our state.
It’s no secret that Colorado’s population is getting older. Our state’s aging population has been covered in news stories and data analysis by everyone from the Denver Post to the US Census Bureau, and with good reason. Between 2010 and 2015, Colorado’s growth in its 65 plus population was 3rd fastest in the US at over 29%. Compare this to our 4th place in overall growth (8.5%), and it’s easy to see why this topic has garnered so much attention.
But what does an older population actually mean for Colorado, and why is it happening? To answer this, we have to start at the beginning, and look at the state’s total population.