SLIDE 1 Presentation held on February 11, 2014 Wilder Center
Minnesota Compass Annual Meeting
WELCOME
Minnesota Next: Millennials, Leadership, and the Information Economy
SLIDE 2
- 3M Foundation
- Blue Cross and Blue Shield
- f Minnesota Foundation
- Boston Scientific
- Otto Bremer Foundation
- Bush Foundation
- Greater Twin Cities United Way
- Mardag Foundation
- The McKnight Foundation
- B.C. Gamble, P.W. Skogmo Fund
- f The Minneapolis Foundation
- Minnesota Initiative Foundations
- The Saint Paul Foundation
- Wells Fargo Foundation Minnesota
- Amherst H. Wilder Foundation
Thank you!
MN Compass Funders…
www.mncompass.org
SLIDE 3
Shaping Our Future: Millennials Rising
Craig Helmstetter
Compass Project Manager Senior Research Manager Wilder Research
Jane Tigan
Research Associate Minnesota Compass Wilder Research
SLIDE 4 Minnesota is aging
200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1960 1970 1980 1990 2000 2010 2020 2030
Age 65+
SLIDE 5
2010 2030
Minnesota:
Fewer workers to support retirees
SLIDE 6 Minnesota’s future is more diverse
29% 24% 19% 9% 5%
0% 20% 40% 60% 80% 100%
Digital Millennial Gen X Baby Boom Greatest Of Color White (non-Hispanic) Generations by race, 2012
SLIDE 7
Big gaps among younger Minnesotans
SLIDE 8
Minnesota either looks like this…
SLIDE 9
…or this
SLIDE 10
…but it also looks like this
SLIDE 11 More millennials than boomers!
14%
28%
21% 25% 12%
Digital Millennial Gen X Baby Boom Greatest
Minnesota’s population by generation, 2012
Millennial 28%
SLIDE 12
In Minnesota… 24% of Millennials are persons of color 13% of Generation X are immigrants 8% of Millennials are immigrants 8% of Millennials (those still in their teens)
are children of immigrants
4% of Millennials live in St. Louis County 24% of Millennials are persons of color 13% of Generation X are immigrants 8% of Millennials are immigrants 8% of Millennials (those still in their teens)
are children of immigrants
SLIDE 13
Education
SLIDE 14 Minnesota is more highly educated than most
33%
A few things we know about Education
SLIDE 15 We have among the very worst racial gaps in the nation
A few things we know about Education
SLIDE 16 Our future economy will require even more education
Source: Georgetown University Center on Education and the Workforce (Help Wanted)
A few things we know about Education
SLIDE 17 Age 25-34 with a bachelor's degree or higher, 2012
Rank States (1=best)
1 Massachusetts 48.4% 2 New Jersey 42.1% 3 New York 42.1% 4 Connecticut 40.2% 5 Maryland 39.9% 6 Virginia 39.1%
7
Minnesota
38.5% 8 New Hampshire 38.4% 9 Illinois 38.3% 10 Colorado 37.5%
SLIDE 18 Educational attainment by race for age 25-34
10% 14% 19% 31% 42% 52% 15% 14% 22% 32% 39% 65% American Indian Hispanic Black Multiracial/Other White Asian Bachelors degree or higher U.S. MN
SLIDE 19 Gaps are huge – but narrowing
36 ppts 27 ppts
SLIDE 20 So what about millennials and education?
MN Edu Attainment: Competitive overall, but troubling racial gaps need to change—need progress like in HS grad rates! #Compass14
@janeellentigan
SLIDE 21
Employment
SLIDE 22 Minnesota has the highest employment rate in the nation. Almost.
2000 2002 2004 2006 2008 2010 2012
U.S.: 67% Minnesota: 76% North Dakota: 79%
Proportion of adults (age 16-64) working A few things we know about Employment
SLIDE 23 Minnesota lags the nation when it comes to employment for certain racial and ethnic groups
Rate in Minnesota MN’s rank among counterparts in other states
Minnesota (all) 76% 3rd Non-Hispanic White 78% 4th Of Color African American 59% 32rd American Indian 51% 45th Asian 65% 34th Hispanic 71% 5th
Source: Wilder Research Analysis of 2009-2011 American Community Survey
SLIDE 24 The recession was particularly hard on younger workers
A few things we know about Employment
SLIDE 25 Minnesota’s proportion working: Early career and entry level
71% 72% 1980 1990 2000 2012 Proportion of adults working (16-34)
SLIDE 26 Minnesota’s proportion working: Early Career
67% 80% 89% 86% 1980 1990 2000 2012
Males (25-34) Females (25-34)
SLIDE 27 Minnesota’s proportion working: Entry level
66% 57% 63% 62% 1980 1990 2000 2012
Males (16-24) Females (16-24)
SLIDE 28 Income gains from 1980 to today
$49,276 $58,300 1980 2012 18%
Median household income in Minnesota Householder any age
SLIDE 29 Who gained the most for median incomes in Minnesota?
$- $30,000 $60,000 $90,000 16-19 20-24 25-44 45-54 55-64 65-74 75-84 85+ 1980 2012 Biggest gains for the boomers and older
59% 85% 76% 25%
11% 6%
Based on the age of the householder, adjusted for inflation
SLIDE 30 Entry level/early career adults are far more likely to be in poverty today than they were in 1980
9% 18% 7% 12% 1980 1990 2000 2012 Age 16 - 24 Age 25 - 34 Poverty rate by age in Minnesota
SLIDE 31 So what about the economic picture for millennials?
MN Employment,$: millennials entering wrkforce under tougher economic times; pay+poverty just plain worse compared to boomers
@janeellentigan
SLIDE 32
Civic engagement
SLIDE 33 Voting-age population that voted Residents (16+) who volunteered in the past year
Rank States (1=best) 2012
1 Minnesota 72%
2 Wisconsin 70% 3 New Hampshire 68% 4 Iowa 67% 5 Maine 67% Rank States (1=best) 2012 1 Utah 48% 2 Kansas 37% 3 Alaska 37% 4 Washington 36%
5 Minnesota 36%
Minnesota has among the nation’s highest rates of voting and volunteering
A few things we know about Civic Engagement
SLIDE 34
Millennials: Minnesotans who are least likely to vote
SLIDE 35
Millennials: Minnesotans who are least likely to volunteer
SLIDE 36 Millennials: Minnesota’s engagement slackers?
#2
for voter turnout among states
#6
for volunteering among states
…Above average
SLIDE 37
SLIDE 38 So what about Millennials’ civic engagement?
Millennial engagement lacking? Maybe not: nationwide #2 for voting; #6 for volunteering. More to come from @TristaHarris
@janeellentigan
SLIDE 39
Minnesota looks like this…
SLIDE 40
…and this
SLIDE 41
…but it also looks like this
SLIDE 42 Minnesota: Fewer workers to support retirees
2010 2030
29% 42%
SLIDE 43 Finally…
Millennials in the spotlight today, but wtvr your generation: We'll need to work together to prepare for the future of Minnesota! #Compass14
@c_helmstetter
SLIDE 44 Get the data you need!
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