Supply and Demand Aged Care Sector Claire Madden McCrindle

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Australia is experiencing significant demographic change. We are living longer and experiencing our largest baby boom. The world growth rate is 1.0%, Australia at 1.8% and the over 65s are growing at an even faster rate. In 2044, Australia's population pyramid will become inverted for the first time with the number of over 60s outnumbering the under 18s for the first time. Our median age is increasing, we are living longer than ever before. The demand for aged care is increasing. And the sector will be facing great supply challenges - with the median age of someone in the aged care sector the highest of any sector. The sector will be facing mass retirements and need to attract and recruit significant numbers of new workers to keep the current ratio of workers to over 85s.

Transcript of Supply and Demand Aged Care Sector Claire Madden McCrindle

Claire Madden

DEMAND

GROWING POPULATION

19741984

20142014

20542044

AGEING SOCIETY

85+ POPULATION

INCREASED LONGEVITY

A GOLDEN JUBILEE OF AGEING

SUPPLY

DECLINING WORKFORCE RATIO

AGEING WORKERS

MASS RETIREMENT

MASS RECRUITMENT

GROWING NEED

CLAIRE MADDENwww.clairemadden.comclaire@mccrindle.com.au

02 8824 3422

Supply and Demand Aged Care Sector Claire Madden McCrindle

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Transcript of Supply and Demand Aged Care Sector Claire Madden McCrindle

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