The intergenerational report is released roughly every five years, and it's intended to guide government spending over decades.
This one shows more people will need to rely on the government - and there will be fewer people to keep the economy working.
Highlights
- The Australian government has released the 2021 Intergenerational Report ((IGR)).
- Thanks to the pandemic, the report shows Australia is heading towards a major post-pandemic pinch.
- That's because migration to Australia has plummeted in pandemic times, and slowing birth rates are not able to keep up with an ageing population.
