Supply and Demand Aged Care Sector Claire Madden McCrindle
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Claire Madden
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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
GROWING POPULATION
GROWING POPULATION
GROWING POPULATION
19741984
20142014
20542044
AGEING SOCIETY
AGEING SOCIETY
AGEING SOCIETY
AGEING SOCIETY
85+ POPULATION
85+ POPULATION
85+ POPULATION
85+ POPULATION
INCREASED LONGEVITY
INCREASED LONGEVITY
INCREASED LONGEVITY
INCREASED LONGEVITY
A GOLDEN JUBILEE OF AGEING
A GOLDEN JUBILEE OF AGEING
A GOLDEN JUBILEE OF AGEING
A GOLDEN JUBILEE OF AGEING
SUPPLY
DECLINING WORKFORCE RATIO
DECLINING WORKFORCE RATIO
DECLINING WORKFORCE RATIO
AGEING WORKERS
AGEING WORKERS
AGEING WORKERS
AGEING WORKERS
AGEING WORKERS
AGEING WORKERS
AGEING WORKERS
AGEING WORKERS
MASS RETIREMENT
MASS RETIREMENT
MASS RECRUITMENT
MASS RECRUITMENT
MASS RECRUITMENT
GROWING NEED
GROWING NEED
GROWING NEED
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