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One unavoidable truth: we’re all ageing and so are our parents. As the Baby Boomers enter their golden years, Lucy Dean explores the challenges facing the aged care industry and what brokers need to know about catering to an ageing demographic facing decisions around aged care.
According to the Australian Bureau of Statistics, by 2026, there will be 658,900 Australians older than 85. By 2046, this number will hit 1,439,000. That’s equivalent to 4.4 per cent of the total population. In contrast, in 2006, Australians over the age of 85 made up just 1.6 per cent.
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