The first ever index to measure the wellbeing of older people is now available
Global AgeWatch has created the Global AgeWatch Index 2012, the first ever index to measure the wellbeing of older people all over the world. It ranks countries by how well their ageing populations are faring. The index is based on four key factors: income, health, employment and education, and enabling environment. So how does Australia stand up in this worldwide ranking?
Overall, Australia is ranked 14th in the world in terms of the wellbeing of its older citizens. To give you some context, Australia is ranked as the 10th richest country in the world based on its Gross Domestic Product (GDP), according to the Global Finance magazine.
Although Australia has scored highly in health, ranked fourth in the world, and employment and education, where we are also ranked fourth, it does have some problem areas. Australia is only ranked 25th in the world for the enabling societies and environments area. We have fallen down in this area because the physical safety of our older population scored poorly, as did access to public transportation. Worse still, Australia is only ranked 57th out of 91 countries for the income security of our older population. In this area we scored poorly in all four areas, from pension coverage and old-age poverty rate to relative welfare. According to the Global AgeWatch Index 2013, 35.5 per cent of Australians aged over 60 are living in poverty.
You can find out more at the Global AgeWatch website.
Are these results ‘good enough’? Or should all Australians, not just older Australians, demand better?
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