"Australia is facing a financial crisis that in years to come will dwarf the global financial crisis: the cost of an ageing population ... Population growth statistics illustrate the severity of the issue. The proportion of people aged 65 and over within the general population is projected to almost double in the next 40 years, rising to 22 per cent in 2049, compared with about 13 per cent today, and 8 per cent in 1969. These are scary statistics. But the challenges are not insurmountable ..." (Quoted from article)