Live: Australians to live longer and have fewer children by 2066
Australia's population will come close to 40 million people by 2066 as Australians live longer but have fewer children, according to the latest intergenerational report.
Follow all the updates in our live blog.
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Pace of change eroding trust: Chalmers
By Erin Handley
By Erin Handley
Treasurer Jim Chalmers will today warn that the pace of change is eroding trust in institutions, as the world becomes a more "dangerous" and "divided" place.
Chalmers is expected to make the remarks during a speech to launch the intergenerational report later today, which gives a snapshot of what Australia will look like 40 years from now, in 2066.
"The world is becoming more dangerous, more unpredictable, more unequal, and more divided," he will say.
"If people are unmoored economically, generationally, they feel disconnected from, and disregarded in, our politics."
The latest intergenerational report "illuminates the path ahead", he will say, adding that Australians face "very serious risks and pressures", but are also better prepared to deal with them.
The treasurer will say the government has a plan to grow the economy, lift living standards and embrace new tech.
We'll bring you more coverage of his speech and the report later in the day.
Key Event
What will Australia look like in 2066?
By Courtney Gould
By Courtney Gould
We're expecting the full intergenerational report later today, but for now Treasurer Jim Chalmers has given us a few hints.
Firstly, we'll be living longer and having fewer kids.
That means population growth will slow, and Australia is expected to be a country of just under 40 million people in four decades time.
Chalmers says our economy will be "completely transformed" by AI, and will also be shaped by cheaper and cleaner energy.
He adds living standards will be higher, people will retire with more super, and the economy will be more than double its current size.
But the budget will be under strain, and he warns that all this will take place "in a much more fragmented and uncertain world".
For a closer look at the numbers:
- The population growth is projected to slow from an average of 1.4 per cent a year over the past 40 years to 0.9 per cent a year over the next 40 years.
- Life expectancy will be 89.5 years for women (up from 86 currently) and 86.1 years for men (up from 82.1).
We'll bring you more on that report later when we get more details.
Good morning 👋
By Courtney Gould
By Courtney Gould
Hi friends. Welcome to our politics live blog. I'm Courtney Gould from the ABC's Parliament House team, here to guide you through the day.
Prime Minister Anthony Albanese is in New York this morning (or rather this afternoon in local time), for a meeting of the United Nations General Assembly. Overnight, he launched Australia's bid for a seat on the UN's security council. More on that shortly from Jane Norman who is travelling with the prime minister.
Back at home, Treasurer Jim Chalmers will release the latest intergenerational report. It's a set of forecasts on the where the nation will be in 40 years time.
I'll bring you more on that in just a moment. The sun is up and so are we, so let's get blogging.
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