To: Brumar89 who wrote (614428 ) 6/2/2011 9:03:50 PM From: tejek Respond to of 1577890 Hey, if you're okay with it, its fine by me."Currently, large disparities mark socioeconomic conditions among Texas’ ethnic groups. Compared with their Anglo counterparts, Texas’ Hispanics tend to have lower levels of education, have lower wages and depend more on state services. This is partly a result of immigration—Mexican immigrants tend to have average wages 40 percent below those of natives.[7] These wage differences reflect that the immigrants are young, have scant job experience and speak little English. While some of the difference between immigrants’ and natives’ wages is made up after substantial time in the United States, disparities between groups remain. Without changes in socioeconomic conditions, this implies that Texas’ future population could be less educated, less competitive, poorer and more in need of state services such as health care and welfare. Texas’ challenge is to reduce these socioeconomic differences through increased educational attainment and training, so Texas can compete in the nation’s workforce in coming decades. Age. Texas’ overall population, like the nation’s, is growing older. This aging is a result of the maturing of the baby boom generation, which makes up the largest segment of our population. In 2003, the baby boomers spanned the ages 39 to 57 (Chart 6). The youngest of the baby boomers will turn 60 by 2024. As they retire, the baby boomers will put large demands on the Social Security system and other government programs for the elderly, such as Medicare. In addition, the boomers may drive housing demand toward move-up or second homes as well as houses more popular with older adults or combined families." dallasfed.org