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FO?R..1Ft Senior Household Projections .f? DISO COpy, Based on 1990 age distribution data, we have projected the~~ ~enior house- holds in Roseville and the study area in 1995 and 2000. These fo"t{/Ms are based on cohort survival rates for Minnesota from 1990 and assume no net change due to mi- gration. Based on our calculations, Roseville will have approximately 3,900 senior households in 1995 and 4,300 senior households in 2000, increases of 500 and 900 households (respectively) from 1990. The study area as a whole is forecast to have approximately 11,000 senior households in 1995 and 12,900 senior households in 2000. These are increases of 2,000 households from 1990 to 1995 (a growth rate of 22 per- cent) and 3,900 households from 1990 to 2000 (a growth rate of 43 percent). For the study area, the numerical senior household increase forecast for the 1990's is slightly below that which occurred during the 1980's. ! t I I j Senior Household Income Table 9, shows household income data for study area senior households in 1989 from the 1991 census. The table shows that there were 2,442 senior households (76 per- cent of the total) in Roseville with incomes of $15,000 or more in 1989. There were 1,629 senior households, 48 percent of the total, with incomes of $25,000 or more. Senior incomes in the study area overall were only slightly lower, with 72 percent at $15,000 or more (6,494 households) and 47 percent having incomes of $25,000 or more. In terms of age, study area households headed by someone 75 or older were more likely to have a lower income than those with a 65 to 74 year-old householder. About 59 percent of 75 + households fell in the lowest income group (less than $15,000) while only 21 percent of the younger households were in this income group. Senior Household Tenure Seniors who oWn their homes have an untapped source of income that can be used to support alternative housing. Upon the sale of their home, seniors can invest the pro- ceeds and use the income dollar for dollar to support their housing and service needs. Table 10 shows the number an percent of senior households who owned and rented their housing in 1990. The table reveals that more than three quarters of all study area householders age 65 and over owned their housing in 1990 while just 63 percent of householders age 75 and over own their housing. Older seniors are more likely to have sold their home and moved to rental housing, shedding the cost and responsibility of home main- tenance. Still, there were nearly 2,100 older senior (age 75 and over) householders in the study area who owned their housing in 1990. The proportion of seniors who own their homes is greater in the study area than in the metropolitan area; 71 percent of all senior householders in the metropolitan area owned their housing in 1990 compared to 76 percent in the study area. Among older seniors, 60 percent own their housing in the metropolitan area compared to 63 percent in the study area. Numerically, the study area has nearly 6,900 senior hpuse- '23