Australia projected to see more deaths than births
Government reports indicate that Australia is heading toward offsetting a decline in birth rates with an increase in average life expectancy. It is expected that, for the first time in sixty years, the number of deaths will surpass the number of births. This shift will slow population growth to 0.9 percent annually, compared to 1.4 percent over the past four decades. Additionally, the population over the age of 85 is projected to triple by 2066, increasing the demand for healthcare and senior care services. A decline in foreign migration, coupled with stricter regulations, threatens the sustainability of the workforce and healthcare systems, raising future concerns about meeting the needs of the aging society and the economy as a whole.
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