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State Population Forecast: 2010-2040

State Population Forecast: 2010-2040. Office of Financial Management Forecasting and Research Division November 14 th , 2013. Summary of General Findings. Washington’s population is expected to reach 7 million by the end of 2014.

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State Population Forecast: 2010-2040

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  1. State Population Forecast: 2010-2040 Office of Financial Management Forecasting and Research Division November 14th, 2013

  2. Summary of General Findings • Washington’s population is expected to reach 7 million by the end of 2014. • After 2015, migration is expected to serve as the main contributor to state population growth. • The 65 or older population is expected to double its size in twenty years. • By 2030, more than one of every five Washingtonians will be an elderly person. • The share of the population of working age will decline relative to the “dependent” population.

  3. The State’s Population is Approaching 7 Million

  4. Migration Will Soon Be the Main Component of Population Growth

  5. The 65 and Over Population Will Double in 20 Years Growth in the Elderly Population by Age Group Decade Growth Trends: Total Population and Age 65+ 426,000 419,500

  6. An Aging Population Means More People Need Support with Less People To Support Them The dependency ratio measures how many dependent persons (aged 0-17 and 65 and over) per one hundred working age people (aged 18-64)

  7. Additional Resources http://www.ofm.wa.gov/pop/stfc/default.asp

  8. Contact Information Yi Zhao, Chief Demographer Office of Financial Management Forecasting and Research Division yi.zhao@ofm.wa.gov 360-902-0592

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