Study projects percentage of older New Mexicans will increase by 2025 | KOB 4
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Study projects percentage of older New Mexicans will increase by 2025

Emily Jaceks
November 24, 2017 06:15 PM

ALBUQUERQUE, N.M. -- New Mexico's demographics are changing.

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A new progress report from the Legislative Finance Committee shows more New Mexicans are getting older. In 2015, 24 percent of the state’s population was older than 60. By 2025, they predict that number will jump to 33 percent.

New Mexico is seeing more deaths, fewer births and more people leaving the state, leading to a revised population forecast. Experts say New Mexico's population has barely budged since 2010 and will likely see small increases over the next 25 years.

According to the Santa Fe New Mexican, a University of New Mexico study shows the state grew by 45,000 people since the 2010 census. That puts the total number of residents at 2.1 million. If the trend continues, New Mexico will add just 15-thousand people every year.

That could lead to a big problem. The report finds with all these new factors, the state faces growing challenges with ensuring the programs that serve the older population can keep up with growing demand.

The Legislative Finance Committee found the state agency that manages funds for programs for the elderly need to be monitored better. It also found there are also issues with the management of funds. The LFC is working to correct that.

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Emily Jaceks

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