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Minn.’s Aging Population Poses Budget Challenges

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ST. PAUL, Minn. (AP) — Minnesota is headed toward a significant milestone in which more of its residents are senior citizens than school-aged.

State Demographer Susan Brower told a panel of top legislators on Monday that Minnesota is on course to reach that point in 2020. It represents the point when those older than 65 years are a bigger share of the state population than those between 5 and 17 years old.

The demographic trends are important because they suggest where future budget pressures lie. Medical and long-term care costs the state subsidizes are already rising fast, crowding out available money for other things. And more retirees mean fewer income tax dollars will be coming in.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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