| Variable | Assumption | |
|---|---|---|
| Demographic assumptions | ||
| Population | Projections are consistent with the Census Bureau estimates1 | |
| 18- to 24-year-old population | Census Bureau projection: average annual growth rate of 0.1% | |
| 25- to 29-year-old population | Census Bureau projection: average annual growth rate of 0.7% | |
| 30- to 34-year-old population | Census Bureau projection: average annual growth rate of 1.4% | |
| 35- to 44-year-old population | Census Bureau projection: average annual growth rate of 0.4% | |
| Economic assumptions | ||
| Disposable income per capita in constant dollars |
Annual percent changes range between 0.1% and 2.6% with an annual growth rate of 1.3% | |
| Education revenue receipts from state sources per capita in constant dollars |
Annual percent changes range between -1.6% and 2.7% with an annual growth rate of 1.2% | |
| Inflation rate | Inflation rate ranges between 1.0% and 2.2% | |
| Unemployment rate (men) | ||
| Ages 18 and 19 | Remains between 17.4% and 28.4% | |
| Ages 20 to 24 | Remains between 10.3% and 17.8% | |
| Age 25 and over | Remains between 4.6% and 8.4% | |
| Unemployment rate (women) | ||
| Ages 18 and 19 | Remains between 13.1% and 20.4% | |
| Ages 20 to 24 | Remains between 8.1% and 13.1% | |
| Age 25 and over | Remains between 4.3% and 7.0% |
| 1 As the Census Bureau projections were not updated to reflect the 2010 Census Bureau population estimates, the Census Bureau age-specific population projections for each year were adjusted by multiplying the ratio of the total Census Bureau estimate for 2010 to the total Census Bureau projection for 2010. | ||
| SOURCE: U.S. Department of Commerce, Census Bureau, Population Estimates, retrieved October 4, 2010 from http://www.census.gov/popest/national/; and Population Projections, retrieved November 2, 2008, from http://www.census.gov/population/www/projections/2008projections.html; and IHS Global Insight, "U.S. Monthly Model November 2010 Short-Term Projections." (This table was prepared March 2011.) |
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