Prime earning group to shrink, report says

The number of Hoosiers in their top earning years will shrink as the baby-boom generation retires, a new study shows.

By 2025, the state will have 2.6 million people between the ages of 25 and 54, according to the study by the Indiana Business Research Center at Indiana University. That’s a 1.7-percent decline from 2005.

In the Indianapolis area, Hamilton, Hancock, Hendricks and Johnson counties will see an increase of at least 10 percent in the age group. Marion County will sustain a loss, but by less than 10 percent.

However, more than one-third of Indiana counties will see their populations of the working group shrink by at least 10 percent. Most are in rural areas, such as Brown and Shelby counties, the study shows.

Indiana isn’t the only state facing the decline.

Ohio, Nebraska and five other states will slip at least 10 percent, the study said. At the other extreme, 11 states including California, Texas and Florida, are projected to see their populations of prime working-age residents swell by more than 10 percent.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}