Here's an article (from NSWorld - published by UNSW) on
"Can we afford to grow old." (Sorry you have to read the attached pdf file.)
Some interesting stats on where the demographics are heading :-
In last 50 years :-
1. Aus life expectancy up 10 years to 79(m) and 82(f)
and China and korea up 30 years (to?),
i.e. more oldies
2. children per woman down from 3.7 to 1.5 (aus)
korea down from 5.4 to 1.5
china down from 6.2 to 1.8.,
i.e. fewer youngsters
3. earlier retirement age etc.
younger definition of "oldies"
4. More interesting stat is the "age dependency rate", the proportion in retirement compared to those working. -
In aust this is expected to double from 20% today to 40% by 2045.
5. More interesting still the ratio of "workers" per "aged dependent". ( I suspect this is the same as retiree - not clear if self funded or not).
number of WORKERS per aged dependent has fallen from 8 to just 5 today.
In 50 years time it will be about 3.
Actually there are some notes about various govt policies on taxing of super funds etc , and Aus comes out better than most (my reading) - probably better than NZ although that's not spelled out clearly.
moral of the story..? put some money away somewhere (family home? bank? shares? gold bars in the back yard? who nose).
lol "GREY POWER" will sound a bit hollow if all oldies want is a bigger pension ? -
- then again - with 40% of the polulation, there'll be a block vote no doubt.
Start a new single-issue party "KIDS SHOULD WORK HARDER PARTY!!",