Our ageing population

[mumakai]

as australias population ages, what is the impact that it will have on the economy and resource allocation?

Regard

Mumakai

[eadvice]

Hi mumaki

The main problems that come with our ageing population in Australia is:

-Greater burden on taxpayers as more money needs to be spent on pension
-Reduced labour force
-With a reduction in the labour force, their is less ability to hire therefore creating a shortage in workers, increasing cost inflation.
-These are just some of the main problems although the implementation of  the governments migration policy can help cure or slow the problems caused.

Hope this helps mate and good luck.

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