More Australians to live into their 90s as life expectancy forecast to rise over coming decades
Summary
Australia’s latest long-term forecast shows people will live longer, with women expected to reach almost 90 years and men 86 years by 2065/66. The population will grow more slowly and be smaller than previously predicted, and government debt is expected to be lower partly due to advances in technology like artificial intelligence.Key Facts
- Life expectancy for women is expected to rise from about 86 years now to nearly 90 years by 2065/66.
- Men’s life expectancy is forecasted to increase from 82 to 86 years in the next 40 years.
- Australia’s healthcare system and medical research are key reasons for longer lifespans.
- Population growth will slow to 0.9% per year over the next 40 years, down from 1.4% in the past 40 years.
- The population is expected to be 39.3 million by 2065/66, which is 1.8 million less than last year’s forecast.
- Falling fertility rates, especially women having fewer children later in life, contribute to slower population growth.
- Government policies support families through subsidized childcare, increased parental leave, and higher retirement savings.
- Advances in technology like artificial intelligence are expected to help reduce government debt and improve productivity.
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