Treasurer's Report Details Future Demographic Challenges Facing Australia
What happened
Treasurer Jim Chalmers released an intergenerational report on September 21, 2026, outlining life in Australia through 2065. The report projects that fertility rates will continue to decline, from the current average of 1.48 babies per woman to 1.34 by 2065. Without net-positive migration, the Australian population is projected to begin shrinking, with deaths outpacing births by the 2060s.
From abc.net.au
Why it matters
The aging population presents significant strains on public services. The report indicates that the number of Australians aged 85 and over will triple by the 2060s, reaching nearly two million people. This demographic shift means that one-third of all new healthcare spending will be required to support the aging population.
From abc.net.au
Who's involved
- Jim ChalmersTreasurer who released the intergenerational report on demographic trends.
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The entities involved
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Jim Chalmers
Australian politician (born 1978)
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Katy Gallagher
6th Chief Minister of the Australian Capital Territory (born 1970)