Australian Treasury Forecasts Rise in Life Expectancy Over the Next Four Decades
Quick Brief
Australia's upcoming intergenerational report from the Treasury projects that life expectancy at birth will climb significantly over the coming decades. By 2066, life expectancy is forecast to reach 89 years for women and 86 for men. Additionally, the projections indicate that Australian households will shrink in size while more residents live well into their 90s.
What Happened?
The Australian Treasury has previewed findings from its latest intergenerational report, which evaluates the long-term impact of government policies forty years into the future. Scheduled for full publication on Monday, the report forecasts that life expectancy at birth will increase to 89 for women and 86 for men by 2066.
Why It Matters
Long-term demographic projections regarding rising life expectancies and shrinking household sizes carry significant implications for future government planning, healthcare resources, pensions, and public policy in Australia.
Key Facts
- Treasury's latest intergenerational report models government policy impacts 40 years into the future.
- Life expectancy at birth is projected to reach 89 years for women by 2066.
- Life expectancy at birth is projected to reach 86 years for men by 2066.
- The forecasts indicate that Australian households will become smaller over time.
- More individuals are expected to live well into their 90s.
What Happens Next?
The full intergenerational report is scheduled to be published on Monday.
Compiled from 1 outlet
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