Early Edition with Kate Hawkesby

Ryan Bridge: Paying for our ageing population

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Sinopsis

It's obvious to anyone paying attention that we don't have enough young people working to support the cost of health and Super for the elderly.  This problem is going to get much worse in the coming decades.  All this is spelled out in a Treasury report, which Thomas Coughlin published in the Herald today.  This is not new. We've known this for a long time.  Future governments will either have to take a sledgehammer to spending on health or raise the age of Super.  The obvious answer is to raise the age of Super. It'll happen eventually, of course, just not while Winston's around.  But the other thing we could cut is our expectations.  Boys born in the early 1960s (who are reaching 65-years-old) could expect to live to around 79 years on average, and girls to around 83 years. Boys born in the early 2020s (the latest data available) could expect to live to around 88 years on average, and girls to around 91 years. So we've added about 10 years to our lives.  This is