Australia is one of the better placed Western countries as far as old age demographics is concerned.
Some eastern European countries such as the Ukraine and Baltic nations as well as Germany and Italy have about 1.3 children per family. . . . . . . almost halving their population every generation (which is a demographic of 1.1)
Germany and Italy have almost used up their economic "bonus" with low fertility levels, the economy diverting government resources to roads, hospitals, etc. instead of schools for young kids and working age women particularly were able to join the workforce full time instead of juggling their working life around having three or four kids for several years, but now that very same bonus is coming back to bite them on the bum as the workers age and eventually retire with nobody younger to push their wheelchairs or pay the necessary income tax to pay for all the oldies old age pensions, health care and residential requirements.
Europe is buggered, basically.
China is even more stuffed, with its one child policy for the past forty years. One young working age person there not only has two parents to cater for, but also four grand parents who will need looking after. It is a pyramid upside down, ready to fall over after 2025.
