Episode Details

In this episode of Demographics Decoded, Simon Kuestenmacher and I explore the concept of the 'age bomb' that will hit Australia and the challenges that come with the escalating demand for aged care, services retirement funding, and we explain the essential role of superannuation.

Takeaways

• Australia's population is aging, impacting various sectors differently.
• The 'age bomb' refers to the pressures of an aging population.
• Australia's 85 plus population will double by 2038, straining resources.
• Retirement planning is crucial as life expectancy increases.
• Superannuation is a key tool for funding retirement.
• Allowing young people to access their superannuation for housing will disrupt long-term savings.
• Major changes to superannuation regulations are expected.
• Dementia care is becoming increasingly important and costly.
• Aged care services need significant expansion to meet demand.
• Societal attitudes towards aging and retirement are evolving.

Chapters

01:27 Understanding the Age Bomb

04:08 Retirement and Financial Planning Changes

06:49 Superannuation and Housing Market Dynamics

09:44 Future Changes to Superannuation

17:51 The Growing 85+ Population

21:29 Dementia and Its Impact on Society

27:34 Conclusion and Future Trends

Join Simon Kuestenmacher and Michael Yardney at Wealth Retreat 2025 –Australia's Premier Wealth Retreat for Elite Investors and Business People – learn more here.

About Simon Kuestenmacher

Simon Kuestenmacher is co-founder and Director – The Demographics Group

Simon is a prolific media commentator on demographic and data matters and a columnist for The New Daily and The Australian newspapers.

He ranks as one of the world's Top 10 influencers in data visualisation. If you can't get enough of the kind of data that explains how the world works, make sure to follow Simon on Linked In or