The population of the twin cities isn’t getting any younger. We are getting older.
FACT: 60,000 Minnesotans turn 65 this year, next year and every year through 2030. Soon 25% of our adult population will be 65+ [Facing aging MN]
The counties with the lowest average age in Minnesota are the counties that make up the metro area.
the number 25 is important to remember because, by 2025, 25% of the population of Ramsey County will be 65 or older. That is exactly like one in 4. In just two years 22% of the population of Ramsey County will be 65+ years of age.
It is easy to blame baby boomers for this but I would be more inclined to blame the parents of baby boomers if someone needs to be blamed. What were they thinking?
It is also important to understand that people who are over 50 move far less often than those who are under 50. I believe that part of the reason for the shortage of homes for sale has to do with a population that has aged past the prime moving years.
My own parents will both turn 90 this year. The 90 to 94-year-old age group is the fastest growing age group.