Ken Morrison says our cities need to be transformed for our ageing population – and it’s not solely about nursing homes.
By 2050 Australia will have a population of 35 million – almost a quarter of whom will be over 65. And while we are ageing, our cities are growing. It’s not just aged care facilities and health care which will be under pressure but our cities as a whole — transport, outdoor spaces, housing, information access and security.
The Property Council’s Ken Morrison tells 3Q the problem is not isolated to the lack of nursing home places. With a declining tax base and a burgeoning number of elderly, the pressures on all tiers of government will be immense which is why making cities function now is more important than ever.
Read his blog about age friendly cities.
As the Government promotes its policy of the elderly staying in their homes for longer, the Property Council is part of an organisation lobbying for all new homes to be built to universal design standards by 2020.
By building a house to last its occupants’ lifetimes, despite illness or disability, we will all be able to live independently for longer. Universal design ideas are already being implemented in Japan, Britain, Canada and Norway.
Gerard Noonan explains why Australia’s superannuation scheme is a shining beacon amongst the world’s retirement schemes.
Australia’s super scheme is unlike any other in the world. Anticipating our ageing population and an unsustainable increase in pension payments, the Keating government introduced a scheme which required financial contributions from workers and employers. With generous tax concessions and 25 years under its belt, super funds are now worth over $1.4 trillion. Australians now have more money invested in managed funds per capita than any other economy.
That doesn’t mean there hasn’t been criticism. With the GFC still biting shares and Europe’s woes likely to contribute to a weakening market, many changes have been mooted by various quarters. Some are calling for more investment in local infrastructure while others are questioning whether there is an overinvestment in the sharemarket.
Gerard Noonan tells 3Q the reasons why super is well worth the investment.
Q. The Prime Minister Kevin Rudd recently said that over the next decade Australia must build the best educated, best skilled and best trained workforce in the world to increase productivity and counter the effects of an ageing population. Do you agree or disagree?
The majority of those surveyed agree with Kevin Rudd’s recent comments that over the next decade Australia must build the best educated, best skilled and best trained workforce in the world to increase productivity and counter the effects of an ageing population (82%), 8% disagree with the comments and 10% don’t know.
Results were consistent amongst most demographic groups. However, Labor voters were more likely to strongly agree with Rudd’s statements (46%). Comments »
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