Australia’s population is going through a generational shift, with the baby boomers no longer being the largest demographic in Australia as the cohort continues to shrink while the millennials expand through migration.
According to the 2021 census, baby boomers and millennials now each has over 5.4 million Australians, or 21.5 percent, tieing first as the largest generational group. In the 1966 census, baby boomers made up almost 40 percent of the total Australian population.
However, the data shows the important role that the elder generation has now taken in providing childcare, often for their grandchildren. Around one in eight also reported that they took care of other peoples’ children and were the generation most likely to help the others through volunteering and unpaid assistance….