Harnessing ‘grey power’

Following on from yesterday, Australia’s population is projected to age progressively from the median age of 36.4 years in 2004 increasing to about 41 in 2021 and about 45 years in 2051.  By 2051 around 26 percent of Australia’s population is projected to be aged 65 years or older, compared with 13 per cent currently.

Extensive research has concluded that immigration beyond current levels would have a diminishing impact on retarding the ageing of the population. This reflects ageing being a gradual process and that most migrants who enter Australia would themselves be part of the aged population in 30 to 40 years time.

This means harnessing ‘grey power’ is vital if we are to continue to compete on a global stage.

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