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Older, bigger, slower growing, more diverse. Living standards at risk of going backwards. These were the key takeaways from the latest Federal Intergenerational Report (IGR), writes Dr Liz Allen. The intergenerational bargain or contract, which implicitly suggests that the country handed to each subsequent generation is the same, if not better, than the socioeconomic conditions enjoyed previously, has been eroded. Increasing or maintaining living standards can no longer be guaranteed. Australia’s dumb luck has run out.
It’s a sad fact that today, more than 1.2 million Australian children and young people – or one in six – live in poverty. It is critical that targeted support is provided to families when their children most need it, and this is only possible when frontline team members have access to timely and useful data, writes Graham Jaeschke, General Manager, South Australia and the Northern Territory at the Smith Family.
Read more Opinion article December 19, 2021A recent CEDA survey of 41 chief financial officers from big Australian businesses found that more than 60 per cent of the firms surveyed are planning to increase their capital expenditure in the next 12 months, writes CEDA Chief Economist Jarrod Ball.
Read more Opinion article June 17, 2021CEDA Senior Economist Melissa Wilson writes that the results of the recently released 2021 IMD World Competitiveness Yearbook highlight the lack of dynamism in the Australian economy.