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Australia's population is growing faster than ever with a demographic profile ageing quicker than ever. <br>At the same time the aged care workforce has the highest median age of employed people of any sector. Therefore even though the demand for aged care services is growing, the supply of aged care workers is a challenge with a retiring workforce and a need to engage the emerging generations.
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T H E AG E D CA R E P U Z Z L E VS DEMAND SUPPLY GROWING POPULATION AUSTRALIAN | 65+ POPULATION DECLINING WORKFORCE RATIO RATIO OF WORKERS : RETIRED COUPLE DE CLININGSUPPLY G ROWINGDE MAND 1970 PER 1984 TODAY 15.6m | 1.58m 23.6m | 3.45m 2010 PER 2050 PER 2024 2044 28.3m | 4.76m 38.7m | 7.75m AGEING WORKERS MEDIAN AGE IN WORKFORCE SECTORS AGEING SOCIETY MEDIAN AGE Health Education ABC Construction Community Aged Care 40.0 38.0 37.3 Finance 30.5 1984 TODAY 2024 2044 Residential Aged Care Retail INCREASED LONGEVITY LIFE EXPECTANCY AT BIRTH 33.4 37.3 38.5 41.1 42.1 48.0 50.0 AGE 1984 TODAY 2024 2044 75.8 82.1 84.9 90.4 MASS RETIREMENT RETIRING AGED CARE WORKFORCE 240,445WORKERS IN THE HALFTHE WORKFORCE WILL BE AGED CARE SECTOR POPULATION PYRAMIDS AGE VS. POPULATION (THOUSANDS) OF RETIREMENT AGE IN... 15 yrs THIS EQUATES TO... 8,015RETIREES FAREWELL! PER YEAR 85+ POPULATION 668FAREWELL LUNCHES/MTH. FOR THE NEXT 15 YRS 2024 1984 TODAY 601,815 5x as many 120,862 455,390 4x as many MASS RECRUITMENT + TO KEEP THE CURRENT RATIO OF AGED CARE WORKERS TO PEOPLE AGED 85+ 77,976WORKERS IN THE THIS EQUATES TO... 650/MONTH REPLACING THE RETIRING STAFF 2044 WE NEED TO ADD 1,655,997 14x as many NEXT 10 YEARS A RECRUITMENT GOAL OF LETTERS FROM THE QUEEN No. OF AUSTRALIANS TURNING 100 (CALENDAR YR) + 40 1952* TODAY 2024 2044 100 GROWING NEED 2643 4885 IN THE NEXT 30 YEARS AUSTRALIA WILL HAVE +1,200,000 MORE PEOPLE AGED 85+ 18567 *The year Queen Elizabeth II became sovereign THE AVERAGE OLDER AUSTRALIAN WILL LIVE 5 YRSLONGER THIS EQUATES TO... THAN TODAY SPONSORED BY INFOGRAPHIC BY POWERED BY 6,000,000YEARS AN EXTRA OF CARE mccrindle.com.au researchvisualisation.com © McCrindle, Community Services & Health Industry Skills Council cshisc.com.au Source: ABS, McCrindle