Hardworking Aussies fear a decision to lift the pension age to 67 means they will be forced to work even longer in labouring jobs. From July 1 this year, the pension eligibility age for all Australians to 67 years of age, the final leap after a series of incremental increasesContinue Reading
Working Australians have lashed out at new modelling suggesting the country’s pension age should increase to 70 years by 2050. Low birth rates and an ageing population are to blame for the need to increase the age of retirement, according to research by Macquarie University’s Business school. Currently, senior AustraliansContinue Reading
Australia’s productivity growth has fallen to its lowest level in 60 years, averaging just 1.1 per cent a year. The new figures are part of the Productivity Commission Report, which Treasurer Jim Chalmers says confirms “Australia has a productivity problem”. In a speech to be delivered on Thursday, the TreasurerContinue Reading
Australia is facing the “challenge” of an ageing population, as the proportion of Australians over the age of 65 grows so does the burden on younger workers. The proportion of people aged over 65 has doubled in the past 70 years, a trend that‘s set to accelerate according to theContinue Reading