Report: Australia's Deaths to Outnumber Births by 2060s
Treasury says immigration will drive all net population growth unless fertility and ageing trends change.
- 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.
46 Articles
46 Articles
Australia Warns of Risks From Ageing Population And Falling Birth Rates
Australia is heading towards a major demographic shift. The government is forecasting that deaths could outnumber births for the first time in the 2060s. For decades, immigration has helped Australia maintain population growth despite declining birth rates. But as migration slows, the country is beginning to face a challenge already confronting several other developed economies.… Continue reading Australia Warns of Risks From Ageing Population A…
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.
Coverage Details
Bias Distribution
- 35% of the sources are Center, 34% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
