The ageing population is changing Australia. Like any change, it is accompanied by both challenges and opportunities.
Regional Australia is ageing faster than the rest of the country. With Baby Boomers making up 39 per cent of the regional workforce, our regions are at the forefront of the economic and social changes that will come as Australia ages.
The Regional Australia Institute has identified 21 regions whose ageing trends outstrip the rest of the country. It is these regions that will set the standard for effectively engaging the ageing population. Australia as a whole will be learning from their example.
We have heard much about the challenges of an ageing population in the last decade - it is time we talked about the positive sides of the change as well.
More than ever before, reaching 50 is the mark of new beginnings. Increased life expectancy, good health, greater financial flexibility and overall independence are transforming ageing;1 and Baby Boomers are embracing this to redefine the ageing experience.
Rather than entering into old age, Baby Boomers are enjoying the third age.1 For many, regional Australia is the venue of choice for the third age experience.
This means that Baby Boomers are not just another generation for regional Australia; they are a dynamic group capable of bringing real and positive change to communities.
The rise of the Super Boomer has begun...
The RAI would like to acknowledge the Australian Population and Migration Research Centre at the University of Adelaide whose unpublished work for the RAI on regional population dynamics has informed the development of this Talking Point.