Planning Is Everything
At the beginning of the month, The Federal Government released the 2015 Intergenerational Report, an assessment of the long-term sustainability of current government policies. It also examines how changes in population size and age profile may impact economic growth, workforce and public finances over the next 40 years.
Complementing the report is a 15 minute video, The Challenge of Change, featuring a speech by Dr Karl, the well-known Australian author and science commentator.
In it he discusses some of the findings in the report and highlights several of the important issues we will face as a nation in the future. Issues such as how we will afford retirement with an ageing population; the importance of improved childcare and other initiatives that make it easier for people to participate in the workforce; and the need to improve efficiency in business.
The main message however is that Australians cannot continue to be complacent about these issues. We must address them before it's too late.
If you'd like to discuss the video or what you can do now to plan for your future, please don't hesitate to give us a call at MC @ Sutherland on 9521 1611.