Australian population forecast to hit 40 million in 40 years

By 2063, Australia's population will have grown to just over 40 million people, an increase of close to 14 million on the current population. That's the prediction of the Intergenerational Report, set to be released in full by the federal government later this week. Demographer Liz Allen from the Australian National University says the figures reveal an ageing population that will add pressure to the nation's care economy.