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However a look at the Australian Bureau of Statistics shows that the male workforce participation for the ages 55 to 64 has declined somewhat, an increase in the female participation rate has more than compensated for it. In fact, the participation rate for the ages 55 to 64 has increased by about 8% since the early 80's. But what does this say? It means that the older population are already working longer. There is no doubt that the population is ageing, birth rates have been falling for the past 20 years and the baby boomers are fast closing in on 60 and the median age is set to rise by 14% by 2051...
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