Australia will need to boost its population to support the elderly and the economy in the long term, experts warn, after  the government's latest Intergenerational Report (IGR)  found that people are expected to live longer and have fewer children.
The report landed as politicians float the idea of bringing back the Howard-era baby bonus and argue over the need to reduce migration.
Independent MP Bob Katter has recently suggested an up-front cash payment of $75,000 per child would reverse the declining birth rate, which is now expected to fall to just 1.34 children per woman by 2065.
Read the full story at SBS News - Australia.
Sources:
SBS News - Australia
This story was compiled from publicly available reporting and independently reviewed by BRRO News.