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Australia’s financial future and what it means for you

By Lacey Filipich BEng(Hons) MAICD

The 2015 Intergenerational Report (‘The Report’) was published on 5 March 2015. It’s a predictive exercise: based on today, where will we (Australia) be in 40 years? Assumptions abound and of course you can spend a lot of time on whether those assumptions are reasonable or not, but it’s far more interesting to consider the implications for those of us who still plan to be around in 2055. So what did The Report find?

Findings of interest for those interested in money

The following figures are based on Commonwealth of Australia data, taken from the 2015 Intergenerational Report.

1. We will live longer, healthier lives

A child born in 2015 can expect to live to their early 90’s whereas a child born 40 years later may expect to live to their mid 90’s. Read more