Why invest our money now?
Victoria to plan for and invest in a smarter future, inspiring and educating a younger generation to innovate and take on the world as we see it now, and change it, with the skills of the future, at the same time harnessing the energy and experience of seniors, our “social capital”, to contribute
Seniors in Victoria will double to 2.25m by 2045 – against a backdrop currently of 30% of retirees living off a state pension and a” baked beans” lifestyle, and aged care expenditure in Victoria of less than $1Bn, Federally less than $20BN and NDIS proposed expenditure of $22Bn- the risks of a financial blowout are apparent, if action is not taken.
The main parties are in denial, outsourcing the blame and patients to the private sector, and imposing a potentially crushing burden on our children – we need to get on with it, and spend money NOW, not wait for the 2042 election.