The challenges and
opportunities
Population ageing is a global phenomenon,
one of the major social challenges of the 21st century.
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In Australia, it is estimated that by
2050
- the number of people of current
working age will increase by 45%
- the number of people aged
between 65 and 84 will more than double
- those 86 and above will
increase more than four times
- over the next 10 to 20 years
Australia is expected to experience severe workforce
shortages
- In the Asian region, it is
projected that by 2050, the number of people aged 65 or more
willincrease from the
present 400 million to 1.25 billion.
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These changes in demographic structure
will have large effects on the economic and social fabric of many
countries, including Australia, changes that create major economic
and social challenges.
Enhancing the wellbeing of an ageing
society, and minimising the stresses of adjustment, will require
government, business, and households to respond to dramatically
changing fiscal, labour force, family, health, and financial
circumstances.
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