Why Australia needs millions more people - and is getting there fast

This week on The Fin, senior correspondent Jacob Greber on the intergenerational report, why Australia is far from full and what needs to change to make a bigger population work.Further reading: Why Australia needs millions more people - and is getting there fast Angst over house and rental prices is fracturing the fragile bigger-Australia consensus. Yet walking away from a larger population is not an option. Ageing population driving $140b blowout in spending A doubling of people older than 65 and a tripling of those 85 and over will present major economic challenges over the next 40 years and be a primary driver of increased government spending. Productivity leads to prosperity – here’s how to get there Treasury keeps betting that bipartisanship will help Australia to change in ways that are hard to do but much needed. See omnystudio.com/listener for privacy information.