In order to help us to understand how intergenerational equity is changing over time, the Australian Actuaries Intergenerational Equity Index (AAIEI) tracks and assesses 24 indicators across six broad domains that relate to wealth and wellbeing (Economic and fiscal, Housing, Health and disability, Social, Education and Environment). This report unpacks the trends in the underlying domains and indicators that drive the numbers. Overall, the report suggests that younger people have been relatively disadvantaged across a range of measures in the past few years.
Not all trends are negative. Education has steadily improved and life expectancy and disability rates have also markedly improved (excluding mental health). However, these improvements are not sufficient to drive the relative difference between young and old into positive territory. The report considers the implications of rising intergenerational inequity and points to many of the potential solutions for Government and policy makers.