BABYBOOMERS - and the Impending Apocalypse
A group of people was delivered upon us at a birthrate four times higher than at any other time known in history.
This group was born between the years 1946 and 1964 and are known as the Babyboomers.
This issue is barrelling towards us like an out of control locomotive and seems to be a defining moment in Australian history.
Using the census results it is plain to see that over the next decade for every 2(two) Australians retiring less than 1(one) is coming online, with potentially catastrophic consequences on a Labour market already operating at full capacity.2006 Census
The median age of Australians is 37, up from 35 years in 2001. The proportion of Australians aged 55-64 is now 11 per cent (2.2 million people), up from 9 per cent (1.8 million people) five years ago.
Meanwhile the proportion of children - those aged under 14 years - decreased. However, the Howard Government may claim credit through its baby bonus scheme for an increase in the number of children under four, up 16,500 to 1.26 million.
I have touched on this issue in other threads but considering the seriousness and urgency of this matter feel its own thread is neccesary.
I hope we can discuss the Implication and ramifications, Identify solutions and exchange Ideas - And like all great problems finding someone to blame is always a good thing to get out of the way straight up - and a Government who has sat idle on the issue for the last decade would be an obvious place to start.
Its not all doom and gloom Business opportunity abounds within this epic issue.