Images
Monash Baby Boomers Study Released
9 December 2009
It should come as no surprise that the generation who revelled at Woodstock, protested the Vietnam War and championed Civil Rights want to bring fresh ideas and a commitment to volunteering and mentoring to the Monash community.
Following extensive consultation, the 'Monash Baby Boomer Study' was presented by KPMG's Bernard Salt at last night's Council meeting.
Out-going Mayor, Paul Klisaris said the study, thought to be the first of its kind in Australia, is crucial to ensuring that the City of Monash is well equipped to meet the needs and expectations of an ageing population.
"The City of Monash contained the sixth highest concentration of Baby Boomers in Victoria in 2006. Victoria in Future 2008 forecasts indicate that by 2026, we will have around 55,000 people over the age of 55. That's close to one in every three residents who are preparing for retirement," said Cr Klisaris.
The Monash Baby Boomer Study primarily focused on people who are currently aged between 48 and 63 years who live in the municipality. The study was conducted through face-to-face interviews with service providers and government departments and with residents at community workshops and focus groups. A community survey was also conducted with 232 respondents. Close to 300 residents took part in the community consultations.
The research indicates that while 'Baby Boomers' are optimistic about their futures, they are concerned about their ability to pay for healthcare. They also plan on retiring later than previous generations and 65% of those surveyed said they would remain in the workforce due to financial considerations. 80% of those surveyed said they would engage in volunteer work during retirement.
The Monash Baby Boomer Study will assist the development of Council's new Aged Care Strategy and has shed light on the potential role and capacity of the City of Monash to address the needs and expectations of an ageing population. The findings will also be used to inform other strategic documents of Council.
To view the Monash Baby Boomer Report, please open the document below:
Monash Baby Boomer Report (PDF document, 845 KB)
Published: 9 December 2009
[ Up: Media Releases ]