Older, working harder and carrying plenty of debt: Future Australians to pay for pandemic

  • 📰 abcnews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 83%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Australia's population is not going to grow as quickly as previously thought, meaning a smaller economy will be tasked with managing the burden of a rapidly ageing population, the latest Intergenerational Report shows.

Men born in 2060-61 are expected to live to 86.8 years old on average, compared to 81.4 years for people born in 2020-21.

"This is the first time there has been a downward revision of the population forecast in an IGR," Mr Frydenberg said. Mr Frydenberg said fertility rates would continue to be low, meaning overseas migration would continue be the main source of population growth into the future.It is a long-range look at the impacts of population and government policy on the federal budget over the next 40 years

There will also be a smaller proportion of working-age Australians compared to those who are non-working age.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

With this govt constantly attacking wages of working people, it’s no wonder they can’t afford more kids. Idiots.

Lol we know

The IGR was cooked up as an idea to napalm our society into accepting something it is sceptical about and has never been properly consulted on – high immigration-fed rapid population growth. via votesustainable IGR2021

Ageing population? So even after massive immigration we still have an ageing population. The thing is, no matter how many immigrants you bring in, they get old too! auspol

You don't like it you can leave. In fact get deported

Biggest deficit since WWII yet we survived paying that off so obviously there is no need to panic and what was the alternative?

I don't see what the problem is, let's take of the ones that are here 1st, then restart imigration if needed.

Yes but too much avocado is our main problem 🙄

No shit. Don’t see old ass Gerry Harvey paying anything

Why can’t Gina help Australians

I'm not paying let millennium pay

The perfect time to import another million Indians!

Which ABC journalist made this rot up?

Everyone is paying for the pandemic.

Its intergenerationaltheft - that's what it is!!! The Morrison Govt spent ~$250billion, i.e. $250,000,000,000 & Australia tumbled straight into recession! 'The better economic mangers' - they said. 🙄

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines