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Impacts of Australia's Aging Population on the Economy

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This report is an analysis of Australia's increasing aged population, and the effects this aging population will/has had on Australia's economy. Additionally, it discusses future policy surrounding senior pensioners and possible outcomes/effects they may have on the economy

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Impacts of Australia's Aging Population on the Economy
Topics this document covers:
Demography Demographic economics Ageing Demographics Population Population ageing Productivity Human overpopulation Economic growth
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Topics this document covers:
Demography Demographic economics Ageing Demographics Population Population ageing Productivity Human overpopulation Economic growth
Sample Text:
In a short period of time, Australia’s population has transformed at an ever accelerating rate into an ageing population and could potentially have devastating effects on the future economy. An Australian economist commented that: “Essentially there are two choices for the Australian government in its fiscal management of an ageing population. It can elect to do nothing now, raise taxes and reduce expenditure in the future or grow the economy so that Australians have higher incomes and are better able to meet the costs associated with the ageing population.” Speculation around an ageing population has arisen in recent years. Predominately this speculation has been around how an ageing population has developed, what are the implications to an ageing population in the future, and what are the possible solutions to a...
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