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Baby boomers exiting the workforce, along with lower birth rates (and some increasing anti-immigrant sentiment that curtails the normal set of solutions) will l
by chiaro 10y ago
Baby boomers exiting the workforce, along with lower birth rates (and some increasing anti-immigrant sentiment that curtails the normal set of solutions) will lead to issues with healthcare affordability and end of life care. But these are issues that all Western countries are dealing with, and I have no reason to believe that Australia would be harder hit than many others due in part to the success of our mandatory saving schemes.
- elyobo 10y agoThe success of the mandatory saving schemes will probably work for a while, but the current property crisis in Australia is going to put an end to that eventually. Give it another 30 or 40 years once the non-boomers that have been unable to buy a place to live (and have therefore being paying rent their whole lives and will continue to do so in retirement) and there will be an even worse crisis.