MXA/LVL shareholders please read
This is awesome news for all MXA / LVL shareholders and real proof from the Australian Bureau of Statistics that there will be a huge crisis in Australia with regards to housing elderly people. LV Living Limited has massive potential so I urge all Shareholders NOT to sell and hold out.
Published in the National News:
OVER-50s ON WAY TO HUGE INCREASE
By Clara Pirani
22jan05
OLDER Australians take heart - it's only a matter of time before people over the age of 50 outnumber teenagers by almost three to one.
The Australian Bureau of Statistics annual yearbook, released yesterday, reveals Australia's social structure will change dramatically in the next 50 years, marked by longer life expectancies and the falling birthrate.
The ABS predicts the number of people under 15 will fall from 20 per cent of the population, or 4 million people, to between 12 and 15 per cent by 2051.
During the same period, the number of Australians above 50 will soar from 29 per cent to almost 50 per cent, or 14.3 million people, by 2051.
This changing demographic will be caused, in part, by Australia's healthy life expectancy, which is second only to Japan's.
The average life expectancy for males has jumped from 55 years in 1901 to 77 years in 2000-02 and for women from 59 years to 83 years.