It’s not all about the Baby Boomers*
As a baby boomer I feel a responsibility to inform you, “It’s not all about the baby boomers”*.
I have attended a few presentations lately where we learn of the unsettling impacts of the demographic and economic shifts afoot - ‘Change is the only constant!’ we are told. We are encouraged to feel somewhat fearful of the uncertain economic times driven by the new economy and the demographic shifts driven by the ageing baby boomers.
While some of this may be true, there are lesser acknowledged demographic changes going on that the peddlers of ‘Change is the only constant’ do not seem to be keeping up with. Growth will in fact be experienced in every age group as Australia grows to 28 million people by 2026; the so-called baby boomers are only one of three important growth segments of the population. The other two are adults moving through their peak earning years and school age children. There will be an increase of over 700,000 school aged children in Australia over the next 10 years.
At .id we are determined that the obsession with baby boomers does not distract from the challenges of providing education for record numbers of children entering our schools since the post war baby boom. After all, providing excellent education and training is essential for meeting the challenges of the new economy. To share this knowledge, we have published three new e-books that are essential reading.
- Planning Education Provision in a Changing Australia;
- Which Population Forecast Should I Use?; and
- Three Growth Markets in Australia
I recommend reading these e-books to be informed and equipped to deal with change.
* To quote Matthew Deacon, .id forecaster and generation X-er