The Washington Region’s Demographics and Economy: Current Trends and Outlook Jeannette Chapman Deputy Director and Senior Research Associate Stephen S. Fuller Institute Schar School of Policy and Government George Mason University February 1, 2018 IREM 2018 Industry Forecast & Trade Show
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The Washington Region’s Demographics and Economy: Current Trends and Outlook
Jeannette Chapman Deputy Director and Senior Research Associate
Stephen S. Fuller Institute Schar School of Policy and Government
George Mason University
February 1, 2018
IREM 2018 Industry Forecast & Trade Show
Population Trends in the Washington
Region
1. The Washington Region is Aging.
-
100,000
200,000
300,000
400,000
500,000
< 5 5 - 9 10 -14
15 -19
20 -24
25 -29
30 -34
35 -39
40 -44
45 -49
50 -54
55 -59
60 -64
65 -69
70 -74
75+
Baby Boomers: 1.29M
Population by Age Group Washington Region, 1980
Sources: U.S. Census Bureau (1980 Census); The Stephen S. Fuller Institute at the Schar School, GMU
-
100,000
200,000
300,000
400,000
500,000
< 5 5 - 9 10 -14
15 -19
20 -24
25 -29
30 -34
35 -39
40 -44
45 -49
50 -54
55 -59
60 -64
65 -69
70 -74
75 -79
80 -84
85+
Baby Boomers: 1.57M Millennials:
581K
Population by Age Group Washington Region, 1990
Sources: U.S. Census Bureau (1990 Census); The Stephen S. Fuller Institute at the Schar School, GMU
-
100,000
200,000
300,000
400,000
500,000
< 5 5 - 9 10 -14
15 -19
20 -24
25 -29
30 -34
35 -39
40 -44
45 -49
50 -54
55 -59
60 -64
65 -69
70 -74
75 -79
80 -84
85+
Population by Age Group Washington Region, 2010
Sources: U.S. Census Bureau (2010 Census); The Stephen S. Fuller Institute at the Schar School, GMU
Baby Boomers: 1.50M
Millennials: 1.56M
0
100,000
200,000
300,000
400,000
500,000
< 5 5 - 9 10 -14
15 -19
20 -24
25 -29
30 -34
35 -39
40 -44
45 -49
50 -54
55 -59
60 -64
65 -69
70 -74
75 -79
80 -84
85+
Population by Age Group Washington Region, 2015
Sources: U.S. Census Bureau (v2016 Population Estimates); The Stephen S. Fuller Institute at the Schar School, GMU
Baby Boomers: 1.43M
Millennials: 1.70M
2. The Region Attracted Millennials But May Not Be Able to Keep Them.