Australia and Japan are very different countries, in food, culture, location, population and many other aspects. But one of the things that brings these two very different countries together is the issue of an ageing population. It is estimated that, with a rapidly increasing elderly population, Japan is well on its way to lose about half its workforce by 2060, which would weaken its status as an economic superpower and weaken its economy to the point of ruin. Australia is also facing a similar ageing population crisis. Although in the past Australia was considered a rather young country, its ageing population has increased dramatically over the past few decades, which will put stress on the economy as well as taxpayers who fund retirement …show more content…
If implemented, it will help rescue Australia’s federal budget from ruin, according to a new study by the Property Council of Australia. A recent report investigating the population of seniors reports that there are 184 000 Australian senior citizens currently living in retirement villages, and that number will double by 2025. This already saves the budget $2.16 billion by delaying seniors’ need for entry into aged care, and reduces public health care expenditure, reducing the stress for taxpayers who fund the elderly. By removing the obstacles for pensioners who want to downsize from their current homes by aged pension reforms, it would save the government $86 million per annum if those people instead choose to go to a retirement community. By allowing older Australians to be able to sell their current home and to be able to choose their preferred type of living conditions and location, such as moving to a retirement village, it allows them to be more flexible with their lives and be more self-sufficient. Not only will this easily-implemented policy ease the pressure on the federal budget and the workforce, it will also benefit Australia’s property market, where older Australians who want to downsize from their current home can sell their large, family homes to those who really need them, such as young families and first home buyers. This policy is a win-win for all sides, and it will mean that
This essay aims to represent an argument between two view points: to remain in their own homes with ongoing support from families and the health system or going to residential aged care of elderly in Australia. Especially, it deals with the issue of increasing ageing population in Australia includes statistical information highlighting some causes and telltales. The context presented is economic and social. It also looks at the effects that increasing of the ageing population has on society, the individual and the Australian economy.
World War 2 undoubtedly shook Australia’s ties with international powers. From hostile to hospitable; Australia and Japan forged a strong relationship after being at war with each other. Australia’s previously loyal allegiance to the British Empire was uneasy during the Second World War, but the two countries are still strongly allied. The United States had repeatedly come to Australia’s aid during World War 2 and because of this, a strong allegiance was formed between Australia and the United States.
An active APEC (Asia Pacific Economic Corporation) member, Japan is the second most dominant world economic power. Being a world power endows it to having an influential role in not only in regional affairs but also global.
1) How small is Japan compared to Australia? 1/20 size of Australia 2) How many more people live in Japan than Australia? 6x 3) What does the population per land tell us about Australia and Japan?
In 1901 just 4.0% of the Australian population were older people and after two decades this has increased to 6.4%. In 2011 the aged population continued to increase and reached 14%. The Australian Bureau of Statistics (Abs.gov.au, 2012) indicates that since the baby boomers are now becoming old, there has been a decrease in fertility rates and an increase in life expectancy. The population of people over 65 years has continued to increase and it is predicted that it will continue to increase for the next 50 years. As people become older they are more susceptible to becoming sick and in need of government benefits. Since there is a major
Since the signing of the 1951 peace treaty between Australia and Japan, the two countries have rapidly built a productive relationship. Many factors and events have contributed to the development of this partnership. The ANZUS treaty was the turning point in the Austral-Japanese relationship. It assured Australia protection against Japan and provided security in the Asia-Pacific region. Trade and cultural exchange also played a significant role in shaping Australia's relationship with Japan. Growth of trade was a contributor to the sense of a mutual interest between the two countries. The cultural exchange often helped to recognise and accept the differences between Australia and Japan.
In 2013 and 2014, applicants for jobs faced greater competition. In Japan, statistics have indicated the average length that an employee stays at their job has changed slightly from 1985 to 2005. Hence this illustrates that individuals on average are not staying with a particular job for as long as they used to. This is due to the increase in competitiveness in the job market. The unemployment rate of Australia was 6.4% in January 2015 with the comparison of Japan’s at 3.7% in December of 2013. These percentages have a significant variance when stating the differences in population sizes, indicating that Japan has more job opportunities than Australia, as a much smaller percentage of their population is unemployed. Unemployment is higher in regional areas of Australia. The youth unemployment rate is 6.4% (Nov. 2014), whereas Australia’s youth unemployment rate is far higher at 13.20% (Sept. 2014) indicating that youth unemployment is fairly high in Australia illustrating the significant difference between Australia and Japan’s youth. The majority of Japan’s workforce is located in the area of business and engineering workers and manufacturing workers, whereas most of the individuals employed in Australia are in the service industries. This shows that the job sector is
Australia’s ageing population is increasing rapidly. A primary cause of this is due to the ageing baby boomers expected to account for 25 per cent of Australians aged over 65 by 2047. (Treasury, 2007) Across the coming century Australia is anticipated to age for two reasons, a decreasing fertility rate and a rise in life expectancy. (Treasury, 2007)
The information gathered has been quite consistent with the expectations had before having begun this research report. The ageing population has been a topic that has discussed on the radio, in newspapers and on the news and so there was a fundamental understanding of the changing demographic facing the Australian population, though there wasn't much of understanding of why this was happening. This issue is something that many countries around the world are facing so this also makes it well publicised. In the future, more time could have been used to explore past Australian census which could provide more vital information on Australia's past and present populations
With the population aging, the dependency ratio will decrease greatly as those that are supporting those dependent on the government age themselves which means that there may be less people to carry Australia’s
According to Intergenerational report (2015), Australia’s population will grow and change over next 40 years. There will be increase in population of old people and less number of young people in coming future.
According to the Australian Bureau of Statistics (2008) by 2036 people aged sixty-five and older (frail aged) will make up 21.9% of the total New South Wales population. In 2007, there were 2.4 million people aged 65-84 years. According to the Series B projection, the number of people this age will grow by an average 2.7% per year to 2011, then accelerate to grow by an average 3.5% per year over
In Japan, like many other countries, there has been significant change in regards to both aging population percentages and numbers. For example, in 1950, the number of individuals aged sixty-five plus was around four million ("PopulationPyramid.net", 2016). In that year the percentage of older individuals was around five percent ("PopulationPyramid.net", 2016). By 2010, the number of individuals aged sixty five plus had increased to just over twenty-eight million (Morioka, 2010). This large increase was shown by the percentage of older adults skyrocketing from around five percent in 1950, to around twenty-two percent in 2010 (Morioka, 2010). While it may appear that raising eighteen percent over sixty years is not that much, it certainly is when policies and programs regarding aging are usually not in place or even thought of yet.
To view a window into the future, take a look at Japan, where their population, who is advancing in age has brought the country’s once amazing economy to a standstill to the point where it will likely never truly recover.
The number of older Australians is expected to grow more than 4 times in the next 40 years to a estimated 1.8 million people by 2050 (The Australian Government Treasury, 2010). As a result, expenditure for aged care is projected to increase by 1% of the total GDP by 2050 (National Seniors Australia, 2010).