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According to research recently completed by Galaxy for The Benevolent Society, 80% of Australians are worried about the lack of adequate infrastructure and affordable housing as a consequence of growing and ageing population.
Most of the people interviewed believed that as Australia’s population over 65 doubles and the number of taxpayers to support them halves, government must take urgent action in order to address the current funding shortfall.
The costs of aging population and the lack of present government strategy to deal with the situation is of concern to all age groups interviewed. The other issue that presents significant concerns is that of affordable housing.
The most financially vulnerable group of Australians are those not far from retirement and living in rental accommodation. Government must have a strategy in place to meet the needs of such people as their number will be growing over the coming years.