The Intergenerational report has found that Australia’s compulsory super system is lessening the fiscal burden of an ageing population while lifting retirement incomes.
The Intergenerational Report (IGR) shows that because of super Australia will spend proportionally less on the aged pension in 40 years – despite a doubling of over 65s by 2063 and a trebling of those aged over-85.
The Intergenerational Report shows the aged pension will decline from 2.3% of GDP to 2 per cent by 2062-63, even as other cost associated with an ageing population soar.
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