The number of people over the age of 85 is set to triple over the coming decades. Read more at straitstimes.com.
– Australia is facing a major demographic shift in the coming four decades, with the number of elderly citizens predicted to swell, while overall population growth slows.
Population growth is tipped to slow to 1.1 per cent over the next 40 years, down from 1.4 per cent over the past 40 years, the data showed.The country’s residents are also expected to live longer, with the number of people over the age of 85 predicted to triple over the coming decades, while the over-65 population is set to double.
Separate intergenerational report data released earlier on Sunday showed that Australia’s ageing population and the cost of servicing debt were expected to cause government spending to rise by about A$140 billion over the next 40 years.
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