Australian life expectancy set to reach 89 for women, 86 for men by 2066
Treasury says life expectancy will rise to 89 for women and 86 for men by 2066, up from about 86 and 82.
Australia's long-term report, released on Sunday, projects big gains in life expectancy. Women are expected to live almost four years longer than today.
Men are expected to live three years longer than today. Australia's healthcare system and medical research are the main drivers.
Artificial intelligence will become the economy's defining force, but it comes with major risks. Population growth is expected to slow to 0.9% a year.
Fewer women are having three or more children.
- 89 years
- Female life expectancy by 2066
- 86 years
- Male life expectancy by 2066
- 0.9 per cent per year
- Projected population growth rate
- 39.3 million
- Projected population by 2065 to 2066
Why it mattersLonger lifespans mean retirees need greater savings, aged-care demand will rise sharply, and government spending on pensions and healthcare will face pressure.
AustraliaAustralians will spend more years in retirement, making superannuation savings crucial, while tax and welfare systems will need to adapt to support a smaller workforce funding a larger retired population.
✓ Claims checked against the source. checked 4 d ago
