Ageing and work in regional Australia: Pathways for accelerating economic growth
26 October 2017
The Regional Australia Institute has released a report providing an insight into ageing and the workforce in regional Australia.
In a preview of what is coming for the nation, the report notes that Australia’s oldest regions are experiencing a growing pension crisis with some regions already having 20 per cent of the population reliant on the age pension.
Lower growth, lower incomes and a higher welfare and services bill are the results for these regions.
The good news is that the Regional Australia Institute’s work shows if we can engage a higher proportion of older people in work, a significant lift to local incomes and economic growth and a lower pension bill for the Government should follow.
Further information can be found in the report Ageing and work in regional Australia: Pathways for accelerating economic growth and accompanying Data Tool.
Image source: Regional Australia Institute