Intergenerational report predicts that in four decades’ time, more Australians will be dying than being born each year

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Labor says better investment in early childhood education and care, such as a possible move to universal access for families, is a better way to address Australia’s declining birthrate, rejecting the need for a new “baby bonus”.

Monday’s intergenerational report showed that more Australians will be dying than being born in 40 years’ time, a point already reached by countries including South Korea, Italy, Germany and Japan.