Australia in 2055
Every five years, the Australian Government produces an Intergenerational Report that assesses the long-term sustainability of current Government policies and how changes to Australia’s population size and age profile may impact on economic growth, workforce and public finances over the next 40 years. The Government is required to produce an Intergenerational Report at least every five years. The first three Intergenerational Reports were produced in 2002, 2007 and 2010. The Intergenerational Report contains analysis of the key drivers of economic growth – population, participation and productivity – and examines what projected changes in these areas mean for our standard of living and public policy settings. It is a projection into the future, giving us an estimate of the challenges we face as a nation and where opportunities could come from.