A grim forecast of a poorer, less productive and hotter nation forms the core of the latest Intergenerational Report.
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Australia news live: Jim Chalmers to launch intergenerational report; Creative Australia to replace arts funding bodyFollow today’s live news updates
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Australia to spend less on age pension despite doubling of retirees, intergenerational report showsAustralia on track for pension payments to shrink from 2.3% of GDP to 2% by 2062-63 as superannuation balances balloon
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Massive economic pain for Australia if temperature rises exceed 2C, intergenerational report predictsReport says hundreds of billions of dollars and millions of work hours in productivity are at risk due to hotter conditions
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Milestone report puts focus on climateTreasurer Jim Chalmers has told the National Press Club Australia is at a generational fork in the road following the release of the intergenerational report. The intergenerational report speaks about five big shifts Australia will experience over the next four decades – part of which includes an ageing population and a shift away from hydrocarbons towards renewable energy. Climate change protesters were seen out front of the National Press Club where Mr Chalmers gave his address on the intergenerational report.
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Intergenerational report to lay foundations for economic success over next 40 yearsTreasurer Jim Chalmers says the release of the intergenerational report seeks to address urgent priorities such as the cost of living while laying foundations for long-term societal and economic success over the next 40 years. 'Were not just seeking to end a wasted decade, but beginning a defining one, and laying the foundations for some broader, long term success in our society and in our economy,' Mr Chalmers said during a press conference on Thursday. 'Today is really about informing and building on that work.'
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Treasurer Jim Chalmers talks to 7.30 ahead of release of intergenerational reportTrusted and independent source of local, national and world news. In-depth analysis, business, sport, weather and more.
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