News

Australian 'phenomenon' of population ageing to affect costs

2011 was the first year when over-60s outnumbered under-14s.
2011 was the first year when over-60s outnumbered under-14s.

THE eldest of the "baby boomers" hit 65 this year, as Australia - on average - grows older.

New findings distilled from the 2011 census shows the average Australian is 37, 15 years older than it was when Australia became a united nation in 1901.

The figures come from Rafal Chomik, a senior research fellow at the Centre of Excellence in Population Ageing Research.

"At Federation, Australia was a youthful country with an average age of 22," he said.

Mr Chomik compared the difference in Australia's vintage to Daniel Radcliffe from Harry Potter and ageing American actor Mark Wahlberg.

"We're on our way from being a youthful magician to a retired welterweight champion."

The findings also suggested 2011 was the first year when over-60s outnumbered under-14s.

"These changing proportions demonstrate the demographic shift and the phenomenon we know as population ageing," he said.

The challenges of an ageing population will affect superannuation investment, health care spending and the cost of pensions.

Even if the average Australian is just over the hill in 2050, it could be worse.

In Japan, forecasts put the 2050 average age at 52.

Topics:  baby boomers, population




UPDATE: 'What the hell': Burnett predicts court battle with Coles

Matt Burnett expects Coles will take council to court over its decision.

MULTI-million dollar Coles shopping centre for Kirkwood rejected.

New Gladstone Ports Corporation CEO has been announced

Peter O'Sullivan has been announced as the new chief executive officer of GLadstone Ports Corporation.

The future of Gladstone Ports Corporation is in new hands

Latest deals and offers

Brian McFadden makes daughters pay for own Christmas gifts

McFadden makes his daughters pay for half their presents

Lady Gaga is a godmother

Lady Gaga has become a godmother to her friends' daughter

Will Turbo be taken off TV?

Memes about Turbo are flowing on Social media.

PEOPLE want Turbo taken off TV, but will Prospero Productions the ma

Police charge in after Lohan claims fiance tried to kill her

"You tried to kill me. You're a f*****g psycho".

Prince Harry regrets not talking about Diana's death

Diana, Princess of Wales, enjoys a ride on the Maid of Mist in Niagara Falls, Ont., in this Oct., 1991, with her sons Prince Harry, then 7, and Prince William, then 9.

The royal was 12 years old when his mother was killed

Oh Kim, be careful with the spray tan when breast feeding

Kim Kardashian West accidentally smothered North's face in fake tan

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

The climb is slow but property on the way up

Michael Matusik, director of Matusik Property Insights.Photo Allan Reinikka / The Morning Bulletin

The improvement would be mild when compared to past cycles