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COM 0521.006 2002-2004
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COM 0521.006 2002-2004
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Last modified
9/17/2019 11:50:33 AM
Creation date
5/10/2008 12:39:31 AM
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Communications
Communications - Type
COM
Communications - Council Term
2002-2004
Communication
0521
Point
006
Author
Alan Parker, Executive on Aging
Communications - Referred To
FC
Comments
Presented: FC - 3/11/04
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COM 0521.000 2002-2004
(Related)
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\Council Records\Communications\2002-2004
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Profile of County u( Ha au v Older Population <br />of 6.7% when compared with the three other counties, the State of Hawaii or the United <br />States. In addition, the same publication reported that Hawaii County had the highest <br />percentage of people reporting their household did not make a livable wage hence <br />making more people qualify for some form of government help. <br />Old -Age Dependency Ratio <br />The graying of PSA4's population will definitely pose tremendous challenges to <br />health care and social service providers. Likewise, the aging of baby boomers will be of <br />major concern among economists and policy decision makers. Such a concern is rooted <br />in the form of old -age dependency ratio and parent support ratio. In calculating old -age <br />dependency ratio, the crucial matter is whether the number of working individuals will be <br />sufficient to generate a considerable tax base to pay for eldercare supportive services and <br />entitlement benefits for older retirees. Old -age dependency ratio is simply stated as the <br />ratio of retired individuals 65+ to the total number of working individuals 20 to 64 years <br />of age. The old -age dependency ratio for PSA4 in 2000 (.23) ranked second highest to <br />Kauai County (24) and slightly higher than the State of Hawaii (.22) and the nation as a <br />whole (21). In a 1997 State of Hawaii Department of Business, Economic Development <br />and Tourism (DBEDT) publication, it was projected that the dependency ratio for <br />Hawaii's population will likely increase in year 2020 where 33 older individuals 65+ will <br />require 100 working individuals (20-64 years old) to insure continuity of entitlement and <br />supportive benefits to our aging population. <br />The parent support ratio which indicates the potential strain or burden of the old - <br />old on their children (most of whom are still working but approaching old age) is <br />calculated by dividing the number of older adults 85+ by the number of individuals in the <br />50-64 age group. The emergence of family caregivers is clearly a consequence of this <br />phenomenon. The parent support ratio (8%) for PSA4 is the lowest in comparison to the <br />other counties in the state but like the other PSAs, Hawaii County continues to <br />experience steadfast growth of the old -old age group. DBEDT projected that parent <br />support ratio for Hawaii will increase to 16% by 2020 thus potentially placing the state <br />ahead of the nation in terms of parental support ratio and associated drastic challenges it <br />may bring. On the brighter side, negative consequences may be reduced by continuing <br />improvements in health and functional status of our older residents. <br />Page -7-of11 <br />The old age <br />dependency <br />ratio of P5A4 <br />is .23 and a <br />parent support <br />ratio of 5%. <br />
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