Ageing pension policies will cripple Australia's growth

The Productivity Commission has urged sweeping reforms to offset the impacts of Australia's ageing population. They will be politically difficult, but necessary, to stave off economic decline.

Australia’s future: a budget blowout and slow economic growth. That’s what the Productivity Commission had to say in a report released earlier today.

The Productivity Commission released a new report on the impact of an ageing Australia and the outlook is not good. I touched on the labour market implications of population ageing last week (Australia’s irrevocable, inevitable growth challenge, November 15) but the Productivity Commission goes further, touching on the budgetary and health/aged care impacts.

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