Australia. Ageing regions increasingly reliant on the pension.
Age discrimination in the workforce needs to end to combat a growing aged pension crisis in the country’s oldest regions, according to the Regional Australia Institute.
A RAI report has found there is lower growth, lower incomes and a higher welfare services bill in aging regions which are increasingly reliant on the pension. The report said some regions, including Victor Harbor, Port-Macquarie-Hastings and East Gippsland, already had more than 20 per cent of their populations reliant on the age pension.
The 2016 census showed while aging was stable in metropolitan cities, it is accelerating in many regions, particularly rural areas and coastal communities.
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