A Country Aging Out of Time Australia's latest Intergenerational Report paints a stark picture: by the 2060s, deaths will outnumber births.
This milestone, reached years ago in more advanced economies like Japan and Germany, serves as a reminder that even nations thought to be thriving can succumb to demographic shifts.
The Treasury forecasts a population of 39. 3 million by 2065 66, a decrease from previous projections. The fertility rate has plummeted to 1.