Donald Trump · U.S. Treasury · The Guardian Technology
More Australians to live into their 90s as life expectancy forecast to rise over coming decades
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Australian households will shrink but more people can expect to live well into their 90s, according to the latest update to forecasts of the country’s long-term future.
Key facts
- The nation’s population was predicted to reach 39.3 million by 2065/66, 1.8 million lower than the 2023 forecast
- An extract released on Sunday showed life expectancy at birth was forecast to reach almost 90 for women by 2065/66, up from about 86 years at present
- Population growth was expected to slow to 0.9% a year over the next four decades, down from 1.4% annually in the previous 40 years, according to Treasury forecasts
- Life expectancy for men was predicted to rise to 86 years in the next four decades, up from 82 years
Summary
Treasury’s latest intergenerational report, to be published in full on Monday, will project the impact of government policies 40 years into the future. An extract released on Sunday showed life expectancy at birth was forecast to reach almost 90 for women by 2065/66, up from about 86 years at present. The report will also reveal that artificial intelligence (AI) will become the “defining influence” on the economy over the next four decades, as the treasurer, Jim Chalmers, warned it would come with “substantial risks”. Life expectancy for men was predicted to rise to 86 years in the next four decades, up from 82 years.