Australia in 2066 will be older, richer, and – according to the treasurer – transformed by artificial intelligence.

The latest intergenerational report says, despite an aging population, our real incomes will be 55 percent higher by 2066. And Jim Chalmers says AI will get us there.

But the same report says younger Australians aren’t seeing the same gains in income, wealth and home ownership as the generations before it. So what does this report really say about our future – and how much of it is political wishful thinking.

Today, Vice Chancellor’s professor and Chief Societal Economist at the University of New South Wales, Richard Holden on what Australia could look like in 40 years – and where the economics end and the politics begin.

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

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Guest: UNSW Chief Societal Economist Richard Holden

Photo: AAP Image/Mick Tsikas

Australia in 2066 will be older, richer, and &ndash; according to the treasurer &ndash; transformed by artificial intelligence.
The latest intergenerational report says, despite an aging population, our real incomes will be 55 percent higher by 2066. And Jim Chalmers says AI will get us there.
But the same report says younger Australians aren&rsquo;t seeing the same gains in income, wealth and home ownership as the generations before it. So what does this report really say about our future &ndash; and how much of it is political wishful thinking.
Today, Vice Chancellor&rsquo;s professor and Chief Societal Economist at the University of New South Wales, Richard Holden on what Australia could look like in 40 years &ndash; and where the economics end and the politics begin.
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: UNSW Chief Societal Economist Richard Holden
Photo: AAP Image/Mick Tsikas

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A richer Australia in 2066 – but for who?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/678d6db8-68e4-409f-b97a-b4cc0063d367/transcript