Australia, in common with many industrialised countries, must adjust in the coming years to an ageing population. The labour force participation rate is projected to fall and there will be a record number of older people who have retired from work. Thus, there will be fewer workers as a share of the population to generate the income needed to…

The author outlines the dimensions of the retirement boom in Australia and the cost implications of the changing population structure. He also discusses preretirement education (PRE) in Australia and the centralized information and planning of PRE. Finally, he uses American data to provide market background for a discussion of new activities. (CT)