HammockTalk - Quarterly Newsletter Autumn 2014 | Page 20

AUSTRALIA'S GROWING POPULATION Get ready! There are 5.2 million boomers in Australia born from 1946 to 1964. This compares with six million generation Xers born between 1965 and 1983. Generation Y, born across the 18 years to 2002, is expected to peak at about 7.4 million next decade. [1] With Australia’s population expected to swell by mid-century and the first wave of baby boomers reaching retirement, building up the nest egg has become more important than ever. [2]