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1 Hazel Reinhardt on Demographics Presentation to the Sensible Land Use Coalition Notes by Dennis Welsch 12/07/05 The existing suburbs need to compare th e value of their housi ng to those of the developing rings on a value per square foot of house. She explaine d that many (including Roseville) of the inner suburbs have smaller homes that are over priced for the market, particularly when comparing the house and lot size and the cost. Third tier competition provided more new house area and lot area but at less cost than inner tier existing homes. This phenomena means it is more difficult for th e inner tier of suburbs to retain a diverse (by age) population to support its school system because young family affordable starter homes are not as readily available in the inner tiers. Trends projected for the next 25 years include: • More diverse population by age and ethni city (1950 – 90% Caucasian; 2005 - 69% Caucasian) • More income disparity • More niche marketing, less broad mass retail marketing • More aging through 2025 • More growth in metropolitan areas, es pecially the third tier suburbs and beyond • More highway and public transit demands Aging (65+ years) population will continue to grow while the younger population will decline. By 2015 the median age will be 43. Roseville’s median is 43 today. Our age and income work against “balanced” communities. While life expectancy will continue to be near 85 years, people may (and can be expected to) work longer – perhaps part time until 80 or older. Africa and the Mediterranean and northern Indi a will have an increasing birth rate while the rest of the world birth rates begin to decline. Median age of first baby mother sin Minne sota is 30. Minnesota has older mothers because women are a vital part of the work force. It now is normal to see two residents in a household who have a bachelor’s degree; in 23% of these cases the wife makes more than the partner.