How Will An Ageing Population Have An Effect On Australia...

How will an ageing population have an effect on Australia and the economy? P1 A major demographic change impacting Australia is the ageing population, it is expected that this change will accelerate over the coming years. (Corcoranb Hana, 2014 pp. 2) The process of this begun during the post-war period and has started to impact Australia’s ability to cater to an ageing population. This is a result of the baby boomer generation beginning the transition from their work life into retirement. (Corcoranb Hana, 2014 pp. 2) The ability to accommodate the ageing population has prompted questions regarding which areas will gain high levels of the ageing population growth and what services need to be provided to sustain this change. Corcoranb’s et al focuses on the spatial distribution in QLD and the impacting factors. The paper discusses reasons as to why ageing Australians may relocate to a new destination; some of these include a change in climate, retirement, deteriorating health and so on. According to Corcoranb et al (2014) a high proportion of ag eing Australians move to more coastal regions due to the warmer climates. P2 Australia’s ageing population is increasing rapidly. A primary cause of this is due to the ageing baby boomers expected to account for 25 per cent of Australians aged over 65 by 2047. (Treasury, 2007) Across the coming century Australia is anticipated to age for two reasons, a decreasing fertility rate and a rise in life expectancy. (Treasury, 2007)Show MoreRelatedSwot Assumptions Back Ground Literature1136 Words   |  5 PagesBusiness research topic: Why Australia to get real in population: Theory Assumptions back ground literature: Population growth is one of the most important thing for the countries planners, economist and obviously for the government to plan for next 50 to 100 years. Australian population growth is as per time clock estimates in April 2015 as 23 795 442. This is totally assumed and estimated based on last census in 2006. 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