Business
The Australian population is decreasing, what does that mean for the ASX?
According to the Australian Bureau of Statistics (ABS), last quarter brought the first decrease to the Australian population since WWI, with 4,200 less people now calling Australia home. If this trend continues – and there is reason to believe it will – it could affect those investing in ASX listed companies.
Let’s look deeper into why a declining population might affect the ASX.
The important figures
In 2019, we shared our country with 383,000 new Australians. Of which, only 143,000 were babies born here. In fact, the Australian birthrate has been declining for years — it’s no longer able to sustain our population.
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