Friday, May 27, 2011

Baby boom to baby bust - Australia



Bernard Salt From:
 The Australian May 28, 2011 12:00AM
THE Big Tilt is the proposition that from 2011 onwards there will be a fundamental shift in the demography of Australia.
This is the idea that over the past 60 years the number of people entering the workforce has exceeded the number exiting through retirement. But with what some demographers are calling "the baby bust", and with the first baby boomer born in 1946 turning 65 in 2011, this means that during the 2010s more people will exit than enter the productive stage of the life cycle. This is best demonstrated through the interplay between the 15 and the 65 cohorts.

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