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Nov 25, 2023 •331 likes •776 views

WELCOME Minnesota Compass Annual Meeting Minnesota Next: Millennials, Leadership, and the Information Economy Presentation held on February 11, 2014 Wilder Center Thank you! MN Compass Funders 3M Foundation Mardag Foundation

  1. WELCOME Minnesota Compass Annual Meeting Minnesota Next: Millennials, Leadership, and the Information Economy Presentation held on February 11, 2014 Wilder Center

  2. Thank you! MN Compass Funders…  3M Foundation  Mardag Foundation  The McKnight Foundation  Blue Cross and Blue Shield of Minnesota Foundation  B.C. Gamble, P.W. Skogmo Fund of The Minneapolis Foundation  Boston Scientific  Minnesota Initiative Foundations  Otto Bremer Foundation  The Saint Paul Foundation  Bush Foundation  Wells Fargo Foundation Minnesota  Greater Twin Cities United Way  Amherst H. Wilder Foundation www.mncompass.org

  3. Shaping Our Future: Millennials Rising Craig Helmstetter Jane Tigan Compass Project Manager Research Associate Senior Research Manager Minnesota Compass Wilder Research Wilder Research

  4. Minnesota is aging 1,400,000 1,200,000 Age 65+ 1,000,000 800,000 600,000 400,000 200,000 0 1960 1970 1980 1990 2000 2010 2020 2030

  5. Minnesota: Fewer workers to support retirees 2030 2010

  6. Minnesota’s future is more diverse Generations by race, 2012 Greatest 5% Baby Boom 9% Gen X 19% Millennial 24% Digital 29% 0% 20% 40% 60% 80% 100% Of Color White (non-Hispanic)

  7. Big gaps among younger Minnesotans

  8. Minnesota either looks like this…

  9. …or this

  10. …but it also looks like this

  11. More millennials than boomers! Minnesota’s population by generation, 2012 14% Digital Millennial 28% 28% Millennial 21% Gen X 25% Baby Boom Greatest 12%

  12. In Minnesota… 24% of Millennials are persons of color 24% of Millennials are persons of color 13% of Generation X are immigrants 13% of Generation X are immigrants 8% of Millennials are immigrants 8% of Millennials are immigrants 8% of Millennials (those still in their teens) 8% of Millennials (those still in their teens) are children of immigrants are children of immigrants 4% of Millennials live in St. Louis County

  13. Education

  14. A few things we know about Education Minnesota is more highly educated than most other states 33%

  15. A few things we know about Education We have among the very worst racial gaps in the nation

  16. A few things we know about Education Our future economy will require even more education Source: Georgetown University Center on Education and the Workforce ( Help Wanted )

  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% Minnesota 38.5% 7 8 New Hampshire 38.4% 9 Illinois 38.3% 10 Colorado 37.5%

  18. Educational attainment by race for age 25-34 Bachelors degree or higher 65% Asian 52% 39% White 42% 32% Multiracial/Other 31% 22% Black 19% U.S. 14% Hispanic MN 14% 15% American Indian 10%

  19. Gaps are huge – but narrowing 27 36 ppts ppts

  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

  21. Employment

  22. A few things we know about Employment Minnesota has the highest employment rate in the nation. Almost. Proportion of adults (age 16-64) working North Dakota: 79% Minnesota: 76% U.S.: 67% 2000 2002 2004 2006 2008 2010 2012

  23. Minnesota lags the nation when it comes to employment for certain racial and ethnic groups MN’s rank Rate in among counterparts Minnesota in other states Minnesota (all) 76% 3 rd Non-Hispanic White 78% 4 th Of Color African American 59% 32 rd American Indian 51% 45 th Asian 65% 34 th Hispanic 71% 5 th Source: Wilder Research Analysis of 2009-2011 American Community Survey

  24. A few things we know about Employment The recession was particularly hard on younger workers

  25. Minnesota’s proportion working: Early career and entry level Proportion of adults working (16-34) 72% 71% 1980 1990 2000 2012

  26. Minnesota’s proportion working: Early Career Males (25-34) 86% 89% 80% Females (25-34) 67% 1980 1990 2000 2012

  27. Minnesota’s proportion working: Entry level Females (16-24) 66% 62% 63% Males (16-24) 57% 1980 1990 2000 2012

  28. Income gains from 1980 to today $58,300 18% $49,276 1980 2012 Median household income in Minnesota Householder any age

  29. Who gained the most for median incomes in Minnesota? Biggest gains for the boomers and older $90,000 6% 25% 11% $60,000 76% 1980 -23% 85% 2012 59% $30,000 -21% $- 16-19 20-24 25-44 45-54 55-64 65-74 75-84 85+ Based on the age of the householder, adjusted for inflation

  30. Entry level/early career adults are far more likely to be in poverty today than they were in 1980 Poverty rate by age in Minnesota Age 16 - 24 18% 12% Age 25 - 34 9% 7% 1980 1990 2000 2012

  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

  32. Civic engagement

  33. A few things we know about Civic Engagement Minnesota has among the nation’s highest rates of voting and volunteering Residents (16+) who volunteered Voting-age population that voted in the past year Rank States (1=best) 2012 Rank States (1=best) 2012 1 Minnesota 72% 1 Utah 48% 2 Kansas 37% 2 Wisconsin 70% 3 Alaska 37% 3 New Hampshire 68% 4 Washington 36% 4 Iowa 67% 5 Minnesota 36% 5 Maine 67%

  34. Millennials: Minnesotans who are least likely to vote

  35. Millennials: Minnesotans who are least likely to volunteer

  36. Millennials: Minnesota’s engagement slackers? …Above average #2 #6 for voter turnout for volunteering among states among states

  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

  39. Minnesota looks like this…

  40. …and this

  41. …but it also looks like this

  42. Minnesota: Fewer workers to support retirees 2010 2030 29% 42%

  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

  44. Get the data you need! www.mncompass.org  Text “ MNCOMPASS” to 22828 to sign up for our monthly e-newsletter  Or sign up online: mncompass.org  Follow us on Twitter @MNCompass  Connect with MN Compass on Facebook

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