As Australia's birth rate hits a historic low, experts and advocates are warning that an aging population will force the nation to shift its economic reliance from population growth to productivity and increased family support.
Key Points
- Australia's fertility rate has fallen to a record low, pushing median ages higher and making future population growth increasingly reliant on overseas migration.
- The Intergenerational Report highlights rising public costs in healthcare, defence, and aged care, forcing the economy to depend heavily on productivity gains rather than population expansion.
- Family advocates argue that high costs for childcare, housing, and family life create a "motherhood penalty," urging the government to fund childcare directly and expand paid parental leave.
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