Episode Details

Today, we examine a significant demographic shift that's reshaping Australia more quietly than population growth or migration, but with far greater long-term consequences.

By 2029, every baby boomer will officially be of retirement age, but many won't be anywhere near ready to down tools. And not just because the super balance isn't quite there yet.

Some boomers are working because they enjoy it. Some because their jobs have changed - they're no longer worn out at 60 the way their parents were.

Others simply don't have a choice, especially those in lower-paid or physically tough jobs.

And on the flipside, some are reinventing retirement entirely - scaling back, contracting, taking intermittent sabbaticals, or using work as a way to fund the lifestyle they want.

Takeaways

· Every baby boomer will officially be at retirement age by 2029.

· Many boomers are working because they enjoy it, not just for financial reasons.

· Retirement is being redefined; it's not just about stopping work.

· The financial reality for many boomers is challenging, with insufficient superannuation.

· Downsizing is complicated by high stamp duties and a lack of suitable housing.

· There are two Australias in retirement: those with choice and those without.

· The shrinking middle class is impacting retirement security for many.

· Demographics can predict future trends in retirement and workforce participation.

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