Report: Australia's Deaths to Outnumber Births by 2060s
- On Monday, the Treasury published its Intergenerational Report, forecasting that deaths will exceed births in Australia by the 2060s for the first time. "Deaths are projected to outnumber births by the 2060s," Treasury stated in the report.
- Population growth will slow to 0.9% annually over the next four decades, down from the 1.4% average over the past 40 years, as fertility rates decline and net overseas migration falls. An ageing population will boost demand for healthcare and aged care workers.
- Australia is following a path already taken by advanced economies including Japan, Germany, and South Korea, where deaths have already outnumbered births. This demographic transition presents significant long-term economic challenges for the nation.
- Prime Minister Anthony Albanese's Labor government tightened immigration rules last week to counter the One Nation party's surge in support. Albanese's approval rating slipped this week to its lowest level since 2022 amid rising immigration concerns.
- Future tax cuts were flagged in the report as Labor provides cost-of-living relief to Australians grappling with elevated inflation, higher mortgage rates, and expensive housing. The demographic shift underscores long-term fiscal pressures on the economy.
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41 Articles
Falling birth rates and an aging population in Australia are preparing the country for a historic demographic shift. According to projections by the Treasury Department, deaths will exceed births for the first time in the 2060s, and the population over 85 will triple by 2066.
Statistic in Intergenerational Report spells challenge for Australia as it ages
Australia is getting much older, and it is getting older faster than previously thought. But the major political parties are currently in a race to cut the greatest source of resilience against that trend: migration.
Australia’s birthrate is falling faster than expected, report shows
SYDNEY — Plunging birth rates and an ageing population are reshaping Australia’s future, with fresh pressure building on the economy, public finances and the care sector, a new report warns.According to an Intergenerational Report published by the Treasury department on Monday, deaths would outnumber births in Australia for the first time in the 2060s, a demographic shift with far-reaching implications for an economy grappling with an ageing …
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