The grey area of our ageing population

As the world population ticked over 7 billion this week international focus has turned to population issues. It is with some irony that this is the context in which our ruling party has confirmed that it will not raise the age of superannuation entitlement. It is a populist move which ignores the demographic and fiscal realities of a burgeoning older age population. That most predictions of the future superannuation costs are based on very conservative projections of growth in older people makes the move even more irresponsible.