How much does ageing cost Australia?

The cost of ageing in Australia is a complex issue that encompasses healthcare, social services, and pension systems. According to various reports, the aged care sector alone is expected to require significant investment in the coming years to meet the needs of the growing elderly population. The government spends billions annually on aged care services, and this figure is expected to rise. Additionally, there are indirect costs such as reduced workforce participation and increased family caregiving responsibilities. Overall, the economic impact is substantial and requires coordinated efforts from both public and private sectors to manage effectively.