
In another argument for increasing migration an article in Adelaide Now last year explained how a $68 billion pension blow out will force the Federal Government to raise immigration levels and taxes.
Economists say the mass retirement of 4.5 million post-war baby boomers over the next decade, with the first wave born in 1946 reaching the pension age of 65 this year, will lead to a $68-billion-a-year blowout in the cost of aged pensions and healthcare, creating an “Enron-style” black hole in the federal budget.
Analysis by demographic economists MacroPlan Australia, using government data, shows the annual bill for pensions will almost double to $63.5 billion a year by 2020. [Read more...]











