Lucinda Holdforth

Reports just come out from the Oxford Institute of Population Ageing and they're talking about the same phenomenon in the UK.

So it's not just us facing this, but it's important that we note that we are second to the US in

for the period of living with debility at the end of our lives.

So we're going to have big, big needs as a country.

Ironically, poorer countries, people will die faster.

So we're going to have that problem and it's huge.

The interesting thing about...

This issue, as I looked into it, is as we've got an older skewing population and many people in good health, what we see is a slower succession process.

So young people are going to have to bear the burden of paying for older people.

But at the same time, what we see is things like board directors aren't getting younger, they're staying older.

There's actually been a decline in board directors under the age of 50.

You know, we see people staying in the leading jobs.

If you look at all our business, many business leaders are older people.

So what we have is young people with a financial burden...

but not necessarily the power and authority to effect change in the way they might like.

And because we have such a huge overload of older Australians, that affects voting, how we vote.

So our parliaments aren't that old, but the voting population is old.

We have fewer people under 35 voting in 2025 than in 2007.

So it's quite notable that...

that we've got a problem with getting young voices into our political environment.