Australia's population is expected to grow to over 40 million by 2063, with migration continuing to be the primary driver of growth. However, the source of this migration is set to change, with the bulk of new arrivals coming from Asia. The aging population will require more support in healthcare and aged care services to ensure Australians can enjoy a high quality of life well into their later years. The impact of an aging population on the economy and society will be felt over the coming decades. The proportion of people in the workforce will decrease, putting additional strain on those who are working, and increasing the demand for healthcare and aged care services.
Really enjoy the show! Sorry to say but the health of people is structurally going down. Look at all the cancer and obesity. All health issues that are created by the 'agenda'. If we are honest about the health situation things change a lot! 🙏
Cancer cases go up as a country gets healthier. As we get older cancers kill us instead of other diseases. Higher cancer rates initially are a good sign when looking at longitudinal historical data. Obesity is a real issue and a result of sedentary lifestyles, poor urban planning, and awful food.
Seems to me Australia will be and look less “European” in 40 years as the older population dies off. Natural population growth has been going backwards here for years. I venture to say that not only will the people on the whole appear different in the next fifty years compared to the last fifty years, the economy will be very different as well… I think more third world, if we continue on the present energy poor trajectory due to net zero stupidity!
Our economy is already incredibly uncomplex. Mining, agriculture, tourism, and education. Economic diversification would be welcome. But don’t sweat the future, Australia will continue to be wealthy.
Further integration with Asia and especially the rapidly growing economies of south east Asia will mean Australia continues to prosper for decades to come. I have serious doubts Australia will be more third world. We are a highly desirable place to live as long as we look after those who are already here and continue inviting the best and brightest.
The rise of Automation is not considered by both of these men. The need of a basic income issued by the government is predicted by many social and engineering experts. Some expect it to be needed within the next 10 years. So with the need for less people to produce more, a mining nation like Australia does not need 40 million people. Unemployment will be the challenge of the future.. too many people that no one with money needs.
I'm indian guy living in western sydney for 8 years and hardly see any Anglo Saxon ( Aussie) people around. A while back I got a job to find Native English speakers in Cbd .at Townhall there were big crowds. But I walked around for 1 hour and could not find any fir $100 survey 😮
Just curious Michael, do you think it's a net benefit to society for house prices to constantly outgrow wages? I'm talking about the price to income ratios here. Is it fair that a young person's dollars buy so much less house than yours when you were young? You talk about government intervention being negative notions yet encourage negative gearing and government policies that inflate house prices.
@@MichaelYardney I indeed did. You have very interesting guests on and I applaud your work. But I'm curious to know why perpetual and large property price growth is a net benefit to Australian society at large?
Anyone can see in 10 years in fact Australia will be a barren concrete highrise slum perpetually firehosed with endless migrants driving mopeds delivering food.
@@MichaelYardneyaussies are going to bali, thailand, malaysia, phillipines. I'm indian migrant and move between oz and india. Life is good in these countries nowadays..if you have dosh, ofcourse 😮
Two minutes in - and you can tell it will be spruiking of "their" message... From the "property wealth creator" who believes that Australia will always be a very desirable country to immigrate to. But from where? Well, we know the answer. Australia is a legacy country largely by now, like many other ones. Really high tax and now record property prices. Second largest household debt to GDP in the wold. So, what's in store for new entrants to the country and tge market? Earn lower wage, pay all that you earn back in the way of 40 yr soon to be mortgage/rent, taxes, fees, charges, etc. Break even at the end of the month if you are lucky. Or get a second job. Eventually even those new migrants will be turning around and going back home. If you can't get ahead, what's the point of coming 😂?
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Australia's population is expected to grow to over 40 million by 2063, with migration continuing to be the primary driver of growth. However, the source of this migration is set to change, with the bulk of new arrivals coming from Asia.
The aging population will require more support in healthcare and aged care services to ensure Australians can enjoy a high quality of life well into their later years. The impact of an aging population on the economy and society will be felt over the coming decades. The proportion of people in the workforce will decrease, putting additional strain on those who are working, and increasing the demand for healthcare and aged care services.
Great topic again Michael and Simon!
Thanks it’s a crystal ball into our future
Thank you!
Nothing will change.
Everything changes
@savrah did you watch our chat - a lot will change
@emp731 - not everything
@@MichaelYardneyeverything yardney
I have left it late ⏰ great video Micheal! The goose hasn’t presented himself yet !
It’s above his paygrade CookieMonster-wy4qb
The goose will gobble gobble your cookies for brunch anytime
@@emp731 he’s landed 🛬 🌈🌈🧱🧱🍪🍪🧀
@MichaelYardney look at these two kittens...Talking about the king 🤴
@@emp731 u have mpostor syndrome!
Really enjoy the show! Sorry to say but the health of people is structurally going down. Look at all the cancer and obesity. All health issues that are created by the 'agenda'. If we are honest about the health situation things change a lot! 🙏
You make a good point - we definitely have some issues ahead of us
@@MichaelYardneyalready here Michael you been in denial
@emp731 denial of what?
Cancer cases go up as a country gets healthier. As we get older cancers kill us instead of other diseases. Higher cancer rates initially are a good sign when looking at longitudinal historical data. Obesity is a real issue and a result of sedentary lifestyles, poor urban planning, and awful food.
Seems to me Australia will be and look less “European” in 40 years as the older population dies off.
Natural population growth has been going backwards here for years. I venture to say that not only will the people on the whole appear different in the next fifty years compared to the last fifty years, the economy will be very different as well… I think more third world, if we continue on the present energy poor trajectory due to net zero stupidity!
@sallyjohnson5985 thanks for watching our video and your comment
Our economy is already incredibly uncomplex. Mining, agriculture, tourism, and education. Economic diversification would be welcome. But don’t sweat the future, Australia will continue to be wealthy.
Further integration with Asia and especially the rapidly growing economies of south east Asia will mean Australia continues to prosper for decades to come.
I have serious doubts Australia will be more third world. We are a highly desirable place to live as long as we look after those who are already here and continue inviting the best and brightest.
@@Inspireworkshop I agree We’ll remain the best place in the world with queues of people wanting to live here
@@InspireworkshopYou need to get your medication checked.If you are not taking any you clearky should be as your are hallucinating
The rise of Automation is not considered by both of these men. The need of a basic income issued by the government is predicted by many social and engineering experts. Some expect it to be needed within the next 10 years. So with the need for less people to produce more, a mining nation like Australia does not need 40 million people. Unemployment will be the challenge of the future.. too many people that no one with money needs.
@tonytanou thanks for watching and your intersting thoughts - yes challenges as well as opportunities ahead
we need to change our education - teach kids life skills and must do army!!
@vmura thanks for watching our video
I'm indian guy living in western sydney for 8 years and hardly see any Anglo Saxon ( Aussie) people around. A while back I got a job to find Native English speakers in Cbd .at Townhall there were big crowds. But I walked around for 1 hour and could not find any fir $100 survey 😮
Thanks for watching our video
assisted dying - What?
@vmura •really?
Exit international
Just curious Michael, do you think it's a net benefit to society for house prices to constantly outgrow wages? I'm talking about the price to income ratios here. Is it fair that a young person's dollars buy so much less house than yours when you were young?
You talk about government intervention being negative notions yet encourage negative gearing and government policies that inflate house prices.
@danumbert7983 DId you watch this video about Demographics?
@@MichaelYardney I indeed did. You have very interesting guests on and I applaud your work. But I'm curious to know why perpetual and large property price growth is a net benefit to Australian society at large?
@@danumbert7983 Thanks for watching - I really don’t think we suggested anything of the sort in our discussion - did we?
Anyone can see in 10 years in fact Australia will be a barren concrete highrise slum perpetually firehosed with endless migrants driving mopeds delivering food.
No it won't..Australia has massive potential and all the BS will stop..
@InfinityIsland2203 thanks for watching our video
110%!!!
Hahahaha right after you take your 16th mc poker that has Australia leading the way in turbo cancer
It’s that already, just a pathetic unproductive country
Straya 🇦🇺
$100 bucks says dystopian sh. It hole. Where you will own nothing, not even your health, be extremely miserable and starving
@rozzziee that would be a real shame and your $100 would be worthless
@MichaelYardney and it is on path to happen. I suggest either taking a stand or leaving. Australia is dying and there is no future
@rozzziee where would you go to?
@@MichaelYardneyaussies are going to bali, thailand, malaysia, phillipines. I'm indian migrant and move between oz and india. Life is good in these countries nowadays..if you have dosh, ofcourse 😮
We will all be speaking mandarin
This is almost like ABC news😂
grantourismo0109 thanks for watching - we hope you learned something new
Disagree with most of this. False growth, with importing user drivers etc.
@monsel97 thanks for watching, but don't shoot the messenger - we discuss the findings of the Intergenerational report
@MichaelYardney I wasn't shooting anyone, Michael. I just said that I disagree.
@@monsel97 Monica - I really appreciate you watching and commenting - please don't hold back sharing your views
2064 this country will be an Anglo minority.
@user-hf7rv8nh1j Thanks for watching
Sadly wont be a nice place to live in
I hope you are wrong
Two minutes in - and you can tell it will be spruiking of "their" message... From the "property wealth creator" who believes that Australia will always be a very desirable country to immigrate to. But from where? Well, we know the answer. Australia is a legacy country largely by now, like many other ones. Really high tax and now record property prices. Second largest household debt to GDP in the wold. So, what's in store for new entrants to the country and tge market? Earn lower wage, pay all that you earn back in the way of 40 yr soon to be mortgage/rent, taxes, fees, charges, etc. Break even at the end of the month if you are lucky. Or get a second job. Eventually even those new migrants will be turning around and going back home. If you can't get ahead, what's the point of coming 😂?
@olenanewton364 thanks for watching, but don't shoot the messenger - we discuss the findings of the Intergenerational report
"Property and wealth creation expert". LOL! Goodbye.