What are the implications of rising intergenerational inequity?

Most of the issues highlighted in this paper are well-known and detailed thinking on potential policy solutions is ongoing. This report points to many of these potential solutions, which range from better retirement income policy, to phasing out land tax, increased preventative health spending and greater activity to mitigate and adapt to climate change.

The Actuaries Institute believes there is significant opportunity for policy to drive improvements in intergenerational equity; and that consistently measuring intergenerational equity will aid long-term policy decision-making. We need not live in a country where most people believe their children will be worse off – such a system is not sustainable.