Australia’s ageing population will create enormous opportunities for small businesses involved in these areas, finds the inaugural Business & Population Monitor from business advisory firm PKF, with Access Economics.
It found that as well as the ageing population, these sectors would also gain from Australia’s rising immigration and increased fertility rates.
It said the working-age population was expected to nosedive in the next 5-10 years as the ratio of people aged over 64 compared to those aged 15-64 would almost double over the next 30 years.
“These will be the largest structural shifts in the Australian economy since World War II,” said PKF Enterprise Advisers national chairman Chris Allen.
“And they will present both considerable opportunities and challenges to the Australian business community.”
Photo by hortongrou.
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